October 8, 2013 2:14 pm
Gold swung between gains and losses during European trading on Tuesday as market players weighed the protracted U.S. government shutdown and debt limit impasse against a possible delay in the reduction of Feds bond purchases. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in December rose by 0.20% to […]
Read moreOctober 8, 2013 1:05 pm
Grain futures were mixed on Tuesday with soybeans and corn advancing, while corn declined. Rains in the Midwest were expected to delay the harvest, while wet weather in the Black Sea region will likely curtail production in Ukraine and Russia. On the Chicago Board of Trade, soybeans futures for settlement in November rose by 0.19% […]
Read moreOctober 8, 2013 9:04 am
Copper extended its weekly advance on Tuesday as expectations for a higher post-holiday demand and expanding service sector in China offset the continuing budget impasse in the U.S. President Obamas comments that he would support a short-term increase of the nations debt limit also relieved some pressure. On the Comex division of the New York […]
Read moreOctober 8, 2013 7:57 am
Gold was steady on Tuesday and hovered near a one-week high as the partial U.S. government shutdown entered a second week, moving closer to the deadline for raising the national debt ceiling. Comments from President Barack Obama that he would support a short-term debt limit increase to avert a U.S. default eased some pressure. Silver […]
Read moreOctober 8, 2013 6:58 am
Both West Texas Intermediate and Brent benchmarks were little changed on Tuesday after President Barack Obama said on Monday he would support measures to avoid a U.S. debt default. Recovered output in the Gulf of Mexico after tropical storm Karen dissipated and expectations for a 21-month high output of North Sea crude in November pressured […]
Read moreOctober 7, 2013 2:24 pm
Natural gas rose more than 2.5% on Monday as forecasters predicted warm weather in key U.S. consuming areas throughout most of October, boosting demand prospects for the power-station fuel. Gains however remained limited after output in the Gulf of Mexico recovered and amid expectations for a higher than the average increase in inventories last week. […]
Read moreOctober 7, 2013 1:56 pm
Grain futures were mixed on Monday with wheat and corn advancing, while soybeans marked a minor decline after hitting a 1-week high earlier in the day as rains in the Midwest were expected to disrupt the harvest. On the Chicago Board of Trade, soybeans futures for November settlement slipped 0.31% to $12.9138 per bushel at […]
Read moreOctober 7, 2013 9:59 am
Copper continued to retreat on Monday as the U.S. partial government shutdown entered a second week, fueling concern that the upcoming talks on raising the nations debt ceiling by October 17 might not be successful. A reduction in the World Banks forecast for the Chinese GDP growth further dampened market sentiment. On the Comex division […]
Read moreOctober 7, 2013 9:04 am
Gold marked a minor advance on Monday as investors weighed the budget impasses impact on Feds monetary stimulus program against a possible deflation arising. The partial government shutdown entering a second week fueled concern for a tough-to-reach agreement between lawmakers on raising the nations debt limit by October 17, which would lead to an unprecedented […]
Read moreOctober 7, 2013 7:04 am
West Texas Intermediate crude fell on Monday after posting the first weekly advance in a month as tropical storm Karen weakened during the weekend and producers began returning personnel to platforms. Ongoing stalemate in budget talks between Republicans and Democrats fueled concern that lawmakers wont reach an agreement to raise the U.S. debt ceiling by […]
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