September 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, […]
Read moreSeptember 25, 2013 12:29 pm
Copper rose on Wednesday and recovered from three days of declines ahead of U.S. data that may show durable goods orders posted a minor decline in August following a major slump in July, while sales of new single-family houses reached a 420 000 annual rate. Fed stimulus outlook capped gains. On the Comex division of […]
Read moreSeptember 25, 2013 11:49 am
Natural gas futures rose on Wednesday, snapping six days of declines, on speculation that EIAs weekly storage report on Thursday will show inventories grew less than the average last week, indicating consisting demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in November rose by 0.69% to $3.584 per […]
Read moreSeptember 25, 2013 8:49 am
Grain futures edged higher on Wednesday. Wheat advanced amid prospects for increased demand from China, while soybeans gained as recently predicted showers in the Midwest were considered futile since the crop was already mature and in the harvest stage. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.29% to […]
Read moreSeptember 25, 2013 7:58 am
Gold rose for the first time in four days and traded in a narrow range as market players returned to the market to seek cheap valuations after the recent drop in prices. Gains however remained limited as investors were cautious following recent mixed comments by Fed officials regarding the central banks future moves. Silver, platinum […]
Read moreSeptember 25, 2013 7:15 am
West Texas Intermediate snapped four days of declines on Wednesday after the industry-funded American Petroleum Institute reported on Tuesday that U.S. crude inventories dropped last week, indicating consistent demand in the worlds top consumer. A larger decrease is expected to be reported by the EIA at 14:30 GMT. Gains however remained capped as the U.N. […]
Read moreSeptember 24, 2013 3:07 pm
West Texas Intermediate futures fell to the lowest since the beginning of July on speculations that relations between the U.S. and Iran are improving and as Syria fears fade. A larger than expected drop in U.S. consumer confidence also weighed on prices. On the New York Mercantile Exchange, WTI crude for delivery in November fell […]
Read moreSeptember 24, 2013 11:26 am
Grain futures rose on Tuesday following USDAs crop progress report on Monday which showed harvesting fell well behind last years pace, while soybeans condition remained unchanged after 5 weeks of deterioration and the corn crop improved. Increased U.S. exports of the oilseed pushed prices over 1%. On the Chicago Board of Trade, soybeans futures for […]
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