August 22, 2014 7:30 am
Gold futures were trading slightly higher this morning in Europe, after sliding on upbeat US data yesterday. Investors now eye upcoming speeches by US and European monetary policy chiefs, as interest rates are on the agenda. Gold futures for December delivery traded at $1 281.3 per troy ounce, up 0.46%, at 6:18 GMT on the […]
Read moreAugust 21, 2014 2:52 pm
Natural gas futures reversed earlier gains during midday trade in Europe today, as the US posted another bearish reading on natgas inventories. The weekly build was reported well above expectations, and continued the trend of the past few months of significantly larger-than-average builds. On the New York Mercantile Exchange, natural gas futures for settlement in […]
Read moreAugust 21, 2014 1:50 pm
Both West Texas Intermediate and Brent crude benchmarks remained pressured to the downside on Thursday as a slowdown in manufacturing growth in China fueled fears of softening demand in the worlds second biggest consumer. Continuing geopolitical tension in the Gaza Strip, Ukraine and Iraq kept a floor under prices. Natural gas extended its weekly advance […]
Read moreAugust 21, 2014 1:36 pm
Gold and silver futures were deeper in the red during midday trade in Europe today. The precious metals were pressured by a more hawkish Fed seen in the July meeting minutes. Meanwhile, copper was lower after Chinese factories logged sluggish growth. Gold futures for December delivery traded at $1 276.5 per troy ounce, up 1.44% […]
Read moreAugust 21, 2014 12:08 pm
Wheat, corn and soybeans futures all added during midday in Europe today, as traders weighed crop outlooks and supply-side risks. Pro Farmers closely monitored crop assessment tour projected beans and corn yields at even higher rates than the all-time high forecast of the US Department of Agriculture. The four-day tour, organized by agricultural adviser Pro […]
Read moreAugust 21, 2014 9:57 am
Natural gas rose on Thursday and extended its weekly advance amid short-term weather forecasts for mostly warmer-than-normal weather across the US through the end of the week. However, projections government data later today will show another larger-than-average build in US natural gas inventories, as well as extended forecasts pointing to cooler weather in the northern […]
Read moreAugust 21, 2014 8:00 am
Gold prices reached a two-month low during early trade in Europe today, as investors priced in remarks of an earlier rate hike in Feds July minutes, boosting the US dollar. Ongoing conflicts in Ukraine and the Middle East prompted some safe haven bids, partially paring gold losses. Gold futures for December delivery traded at $1 […]
Read moreAugust 21, 2014 7:56 am
Both West Texas Intermediate and Brent crude benchmarks fell in early European trading on Thursday as a gauge of manufacturing activity in China signaled softening growth, fueling speculations of lower demand in the worlds second-biggest consumer. Mixed supply data by the EIA on Wednesday also failed to provide solid support but persisting geoplitical tensions in […]
Read moreAugust 20, 2014 2:52 pm
West Texas Intermediate crude was mostly unchanged on Wednesday after government data showed US crude inventories declined almost three times more than analysts had projected but gasoline stockpiles unexpectedly gained, signaling a weakness in demand during the peak summer driving season. Domestic crude production also jumped. On the New York Mercantile Exchange, WTI crude for […]
Read moreAugust 20, 2014 1:33 pm
Gold prices remained contained in a very narrow range today, while silver gained, as investors await the detailed report from Feds July meeting. Meanwhile, copper futures added a sizable chunk as traders weighed US housing data. Gold futures for December delivery traded unchanged for the day at $1 296.8 per troy ounce by 13:27 GMT […]
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