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Natural gas extends losses on mild weather forecasts

September 23, 2013 9:32 am
Natural gas fell for a fifth day as weather forecasters predicted seasonal temperatures to settle in most key consuming areas next week, curbing demand for the power-plant fuel. On the New York Mercantile Exchange, natural gas for delivery in November fell by 0.52% to $3.744 per million British thermal units at 9:18 GMT. Prices held […] Read more

Copper retreats as Chinese imports fall, manufacturing data

September 23, 2013 8:58 am
Copper futures retreated on Monday as market players weighed falling Chinese imports in August and talks on October Fed tapering against manufacturing data from China and the Euro zone. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell by 0.74% to $3.296 per pound at 8:56 GMT. […] Read more

Gold extends losses on Fed stimulus outlook

September 23, 2013 7:58 am
Gold extended its Friday losses amid speculations that the Federal Reserve might trim its monetary easing program after a policy maker said last week that a small taper may occur at FOMCs October 29-30 meeting. Silver and palladium advanced, while platinum fell. On the Comex division of the New York Mercantile Exchange, gold futures for […] Read more

Oil swings as Libyan output recovers, China manufacturing data, easing Syria tension

September 23, 2013 7:02 am
Oil prices swung between gains and losses on Monday after both WTI and Brent benchmarks settled lower last week. Market players weighed easing tension between Syria and the U.S. and recovering Libyan output against upbeat China manufacturing data and expectations for an expansion of the European and U.S. manufacturing sectors. On the New York Mercantile […] Read more

Gold pares weekly advance on falling physical demand, talks on October tapering

September 20, 2013 2:47 pm
Gold extended its fall in early U.S. trading on Friday as St. Louis Fed President James Bullard hinted a small taper in October is possible. Limited physical demand due to higher prices and upbeat U.S. data on Thursday also pressured the metal. On the Comex division of the New York Mercantile Exchange, gold futures for […] Read more

Natural gas falls on seasonal weather outlook

September 20, 2013 11:51 am
Natural gas retreated for a fourth consecutive day as weather forecasters predicted mild temperatures across key consuming areas. Half of the analysts who participated in a Bloomberg survey expected prices to extend their drop into next week, the same amount of bears as last weeks poll. On the New York Mercantile Exchange, natural gas futures […] Read more

Grain futures edge lower, soybeans hit 1-month low on rain forecasts

September 20, 2013 9:28 am
Grain futures retreated on Friday with wheat and corn marking minor daily losses, while soybeans posted a moderate retreat on speculations that rains in some growing regions will ease stress on the crops and boost yields. On the Chicago Board of Trade, soybeans futures for delivery in November fell by 0.75% to $13.2913 per bushel […] Read more

Copper en route to best weekly performance in a year

September 20, 2013 8:50 am
Copper remained fairly unchanged on Friday and is headed for its best week in a year after the Federal Reserve refrained from trimming its monetary stimulus program on Wednesday and signs of global economic recovery throughout the week boosted demand prospects. On the Comex division of the New York Mercantile Exchange, copper futures for delivery […] Read more

Gold retreats on U.S. data

September 20, 2013 8:06 am
Gold pared its weekly advance, snapping two days of gains, as upbeat U.S. data on Thursday spurred speculation for Fed tapering at FOMCs next meeting. Silver, platinum and palladium also fell. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in December fell by 1.05% to $1 355.00 per troy […] Read more

Oil headed for weekly loss on recovering Libyan output, US-Iran dialog

September 20, 2013 7:19 am
Oil prices made a slight advance on Friday but remained on track to post a second weekly decline in a row as recovering output in Libya eased global supply issues, even as Saudi Arabia is expected to offset curbed production by other group members. Diplomatic progress between the U.S. and Iran and a possible meeting […] Read more