September 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 […]
Read moreSeptember 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 more