October 1, 2013 9:00 am
Copper swung between gains and losses on Tuesday as investors weighed a partial shutdown of the U.S. government against data which showed expansion in the manufacturing sectors of China, Great Britain and the Euro zone. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell to a new […]
Read moreOctober 1, 2013 8:02 am
Gold rose on Tuesday on rising save haven demand after the first U.S. government shutdown in 17 years threatened to impair the recovery of the worlds biggest economy. Silver, platinum and palladium tracked the metals upward momentum. On the Comex division of the New York Mercantile Exchange, gold futures for December settlement rose by 0.60% […]
Read moreOctober 1, 2013 7:05 am
West Texas Intermediate fell back below the $102 mark on Tuesday as the first U.S. government shutdown in 17 years threatened demand prospects in the worlds top consumer. Recovering Libyan production, improvement in the Iran – U.S. relations, boosted OPEC production and expected increase in U.S. crude inventories data further pressured prices. On the New […]
Read moreSeptember 30, 2013 2:38 pm
Natural gas extended last weeks decline into Monday as weather forecasters predicted seasonal temperatures in key consuming areas of the U.S., curbing demand prospects for the power-station fuel. Expectations for a larger than the average increase in inventories also weighed on the market. On the New York Mercantile Exchange, natural gas futures for settlement in […]
Read moreSeptember 30, 2013 10:09 am
Grain futures were mixed today with wheat and soybeans marking daily declines, while corn advanced. Soybeans declined as a possible government shutdown if Congress fails to pass a budget for the 2014 fiscal year threatened to disrupt crop inspections, while favorable weather boosted yield prospects. On the Chicago Board of trade, soybeans for delivery in […]
Read moreSeptember 30, 2013 9:17 am
Copper fell on Monday amid concern that a possible partial government shutdown might impair the U.S. and global economys recovery pace. A smaller than expected expansion of Chinas manufacturing sector also pressured prices. On the Comex division of the New York Mercantile Exchange, copper futures for December settlement fell by 0.11% to $3.326 per pound […]
Read moreSeptember 30, 2013 8:38 am
Gold rose to a one-week high and is headed for its first quarterly advance in a year as uncertainty whether the Senate will pass a budget for the 2014 fiscal year stoked safe haven demand for the metal. Silver and palladium marked minor declines, while platinum advanced. On the Comex division of the New York […]
Read moreSeptember 30, 2013 7:38 am
West Texas Intermediate fell to the lowest since July on the possibility for the first U.S. government shutdown in 17 years. Diplomatic progress between the U.S. and Iran and the adoption of the first resolution on the Syrian conflict by the U.N. Security Council further eroded oils geopolitical premium. Some downbeat data from China, the […]
Read moreSeptember 27, 2013 1:50 pm
Gold rose more than 1% on Friday as the dollar plunged after Federal Reserve Bank of Chicago President Charles Evans said that the U.S. economic outlook looks compatible with trimming Feds bond buying program but the lack of confidence could postpone tapering for 2014. The precious metal also drew support on speculation for a government […]
Read moreSeptember 27, 2013 9:09 am
Grain futures were mixed on Friday with corn marking minor daily declines, while soybeans and wheat advanced. A report by the USDA sighting increased wheat exports boosted prices to the highest since mid-July. On the Chicago Board of Trade, wheat futures for delivery in December rose by 0.02% to $6.7875 a bushel at 8:41 GMT […]
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