November 11, 2013 12:44 pm
Copper swung between gains and losses on Monday but traded mostly higher throughout the day after upbeat data from China released during the weekend suggested the Asian economy is likely to meet the governments economic growth target. However, recently arisen speculations the Federal Reserve might begin paring its monthly bond purchases earlier than expected limited […]
Read moreNovember 10, 2013 8:27 am
Gold fell by the most in more than a month on Friday and settled the week at three-week low levels after a string of surprisingly upbeat U.S. data lifted the dollar to the highest since September. Larger than projected third quarter economic growth and a rebound in the creation of jobs by the private sector […]
Read moreNovember 9, 2013 10:39 am
Chinese consumer prices rose by the most in eight months in October, led by gains in food prices, and added to recently arisen concerns the Peoples Bank of China may tighten monetary conditions. Although annual consumer inflation remained below the governments official target of 3.5% throughout the year, recent upbeat economic data and gradual acceleration […]
Read moreNovember 8, 2013 2:46 pm
Gold fell to the lowest in three weeks after the Department of Labor reported that U.S. employers added more jobs than expected in October, signaling the partial government shutdown had limited effect on the labor market and optimism remained at hand. The U.S. unemployment rate inched up to 7.3% but American households income rose more […]
Read moreNovember 8, 2013 12:46 pm
Grain futures were mixed on Friday with soybeans retreating, while wheat remained fairly unchanged and corn hovered near a freshly hit three-year low on speculations the USDA will revise upward its crop estimate. On the Chicago Board of Trade, corn futures for settlement in December rose by 0.45% to a session high of $4.2188 per […]
Read moreNovember 8, 2013 10:39 am
Natural gas rose for a fourth straight day after the Energy Information Administration reported on Thursday that U.S. natural gas inventories rose below the average in the week ended November 1, indicating robust demand. The power-station fuel was also supported as weather forecasting models continued to predict colder-than-normal weather in key U.S. consuming areas, boosting […]
Read moreNovember 8, 2013 10:03 am
Copper reversed six days of declines on Friday after upbeat trade data from China signaled the governments economic expansion target was achievable, boosting demand prospects in the worlds top consumer. Expectations that todays U.S. employment data may curb speculations for an earlier-than-expected deceleration of Feds quantitative easing program also supported the market. On the Comex […]
Read moreNovember 8, 2013 9:33 am
Gold rebounded from Thursdays three-week low on Friday on expectations todays U.S. employment data will show employers added fewer jobs in October from a month earlier, curbing speculations the Federal Reserve will trim its monetary easing program earlier than expected. Silver, platinum and palladium tracked the yellow metals upward momentum. On the Comex division of […]
Read moreNovember 8, 2013 8:59 am
Oil prices fluctuated on Friday but remained fairly unchanged in the early European session after trade data showed Chinas targeted economic expansion was achievable and ongoing clashes in the streets of Tripoli continued to spur concern over Libyas crude supply. Market players however remained cautious before the release of key U.S. employment data after a […]
Read moreNovember 7, 2013 3:07 pm
Natural gas futures rose to the highest in more than a week as weather forecasting models predicted below-normal temperatures in key U.S. consuming areas through the middle of November, limiting demand prospects prior to the peak winter consuming season. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.581 […]
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