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Gold’s attractiveness rises

June 7, 2013 8:17 am
Gold traders are most bullish since the start of the bear market two months ago, supported by weaker dollar and retreat from a five-year high in equities. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 409.95 a troy ounce at 7:52 GMT, marking a 0,41% […] Read more

Oil prices surge amid weak U.S. dollar

June 7, 2013 7:00 am
WTI and Brent crude surged through Wednesday and extended gains in Thursday as broadly weaker dollar and signs of an increase in demand pushed prices up. Both contracts are poised to set a biggest weekly gain since the week ending April 26 with the U.S. oil jumping 3% and the European benchmark 3.3%. WTI crude […] Read more

Natural gas reserves rise more than expected

June 6, 2013 3:01 pm
Natural Gas Storage gained 111 billion cubic feet to 2.252 trillion in the week ending May 31, compared to an 88 billion increase in the preceding week. According to a survey done by Platts, the energy information arm of McGraw-Hill Cos, the EIA’s report should have shown a rise by 93 to 97 billion cubic […] Read more

Gold once again above $1 400

June 6, 2013 1:57 pm
Gold experienced many ups and downs last few days and mostly circled around the $1 400 psychological barrier. The greenback lost positions against the euro as mixed, but overall positive news came out from the single-currency bloc. German factory orders showed worse than anticipated readings on both annual and monthly basis. However, Bank of England […] Read more

Natural gas falls ahead of inventory report

June 6, 2013 1:15 pm
Natural gas tumbled today ahead of the Energy Information Administrations gas reserves report, published weekly on Thursday at 14:30 GMT. Gas futures rallied on Wednesday on sentiment that temperatures will rise, which boosts the fuels demand. On the New York Mercantile Exchange, natural gas for July delivery slipped 0.76% to trade at $3.971 per million […] Read more

Soft futures mixed, sugar near three-year low

June 6, 2013 12:04 pm
Soft futures were little changed in the early U.S. morning on Thursday with sugar going near its lowest level since July 2010 amid sufficient global supply. On the ICE Futures U.S. Exchange, sugar July futures traded at $0,1635 a pound at 11:44 GMT, down 0.12% for the session. The U.S. Department of Agriculture stated in […] Read more

Copper falls amid weak China and U.S. data

June 6, 2013 10:33 am
Copper slipped today after it reached a two-week high of $3.398 on Wednesday amid concerns of reduced global supply. Fatal accidents in the Grasberg mine in Indonesia, which belongs to Freeport-McMoRan Copper & Gold, shut down the mine for three months. Prices found support by a positive reading of Chinas manufacturing PMI, which stood at […] Read more

Silver slips with QE in focus

June 6, 2013 9:40 am
Silver plunged on Thursday amid growing uncertainty over the future of Feds stimulus program. Key U.S. labour data on Thursday and Friday will give an insight into the economys health, which will play a big role in determining later during the month whether the stimulus program must be scaled back earlier than intended or not. […] Read more

Soybeans fall amid ample supply forecast

June 6, 2013 9:23 am
Soybeans slipped further as optimism grows that global output might surpass the U.S. Department of Agricultures record estimate last month. On the Chicago Mercantile Exchange, soybeans for July delivery traded at $15.2438 a bushel at 8:11 GMT, down 0.45% for the day. Hiroyuki Kikukawa, general manager for research at Nihon Unicom Inc. said for Bloomberg: […] Read more

Gold slipped amid QE speculations

June 6, 2013 7:16 am
Gold slipped and circled around $1 396 an ounce as investors remained cautions ahead of key employment data, scheduled for Thursday and Friday. Prices rose 0.3% yesterday as the ADP Employment Change mismatched forecasts and showed a less than expected gain in hired workers, even though India announced it will widen its gold import restrictions […] Read more