September 27, 2013 8:33 am
Copper swung between gains and losses but traded mostly lower on Friday on speculation that the Federal Reserve might decide to pare its bond purchases in the fourth quarter following Thursdays overall upbeat economic data. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December rose by 0.05% to […]
Read moreSeptember 27, 2013 7:39 am
Gold swung between gains and losses on Friday as investors weighed the prospects of Fed paring its monetary easing program in the fourth quarter against the possibility of a government shutdown if Congress fails to pass a budget for the 2014 fiscal year beginning October 1. On the Comex division of the New York Mercantile […]
Read moreSeptember 27, 2013 6:53 am
Both West Texas Intermediate and Brent benchmarks fell on Friday and are headed for a third consecutive weekly decline after the five permanent members of the U.N. Security Council agreed on a resolution to put Syrias chemical arsenal under international control. Talks between Iran and six major world powers further eroded oils geopolitical premium, although […]
Read moreSeptember 26, 2013 2:48 pm
Natural gas futures tumbled more than 1.5% on Thursday after the Energy Information Administration reported that last weeks increase in the U.S. natural gas inventories exceeded both the five-year average and last years build and underperformed analysts projections. On the New York Mercantile Exchange, natural gas futures for November settlement fell by 1.73% to $3.485 […]
Read moreSeptember 26, 2013 2:01 pm
Gold swung between gains and losses on controversial U.S. data. The U.S. Department of Labor reported that the number of people who filed for initial jobless payments in the week ended September 21 fell, confounding analysts expectations for a 16 0000 surge. Losses however remained limited amid ongoing U.S. budget stalemate and first drop in […]
Read moreSeptember 26, 2013 9:23 am
Grain futures were mixed on Thursday with soybeans and corn declining, while wheat advanced on prospects for increased demand from China. On the Chicago Board of Trade, wheat futures for delivery in December traded at $6.7175 a bushel at 9:21 GMT, up 0.17% on the day. The grain rose to a session high of $6.7463 […]
Read moreSeptember 26, 2013 8:44 am
Copper rose on Thursday following upbeat housing data throughout the week and ahead of the release of Augusts Pending Home Sales and the final U.S. Q2 Gross Domestic Product reading. Gains however remained limited on concern over a government shutdown if lawmakers fail to pass the U.S. budget and prospects for QE tapering by the […]
Read moreSeptember 26, 2013 8:00 am
Gold rose on Thursday as investors weighed growing concern over a U.S. government shutdown against prospects for Fed commencing Quantitative Easing tapering by the end of the year. GDP data remained in market players focus. Silver and platinum rose, while palladium fell. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreSeptember 26, 2013 6:56 am
West Texas Intermediate fell for a sixth day, the longest losing streak since May 2012 as world powers made progress in drafting a peaceful resolution to the U.S.-Syria conflict, while the Iranian government sought to begin talks with major world powers on its nuclear program. A bearish U.S. crude stocks report on Wednesday further pressured […]
Read moreSeptember 25, 2013 2:55 pm
West Texas Intermediate pared daily gains after trading higher throughout the day as a bearish weekly report by the EIA confounded analysts expectations. Crude and gasoline inventories grew, while distillate fuel supplies fell less than expected. On the New York Mercantile Exchange, WTI crude for delivery in November traded $103.39 a barrel at 15:07 GMT, […]
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