August 19, 2014 8:06 am
Gold prices were little changed during early trade in Europe today, as investors eyed key US economic data, due later today. Conflicts in Ukraine and in the Middle East offered some support, though rate hike outlooks were the driver this morning. Gold futures for December settlement traded at $1 300.8 per troy ounce, up 0.12%, […]
Read moreAugust 19, 2014 7:18 am
West Texas Intermediate crude rebounded off an 8-month low on Tuesday ahead of US supply data which is expected to show a drop in nationwide crude oil and refined petroleum products inventories. Brent also marked a minor advance but held near Mondays 14-month low after Iraqi and Kurdish forces retook a dam of strategic importance […]
Read moreAugust 18, 2014 2:58 pm
Gold prices were deeper in the red during midday trade in Europe today, as investors found risks over Ukraine to be oversold, pressuring the haven metal. Meanwhile, copper futures climbed, despite a reported drop in China house prices. Gold futures for December settlement on the Comex in New York traded at $1 297.7 per troy […]
Read moreAugust 18, 2014 1:41 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Monday amid seceding geopolitical risk in Iraq after Kurdish Peshmerga fighters and Iraqi troops fully retook the Mosul dam from Islamic State militants, aided by joint air power. Rising tension in Ukraine, however, kept the market underpinned. Natural gas extended losses as weather forecasts called […]
Read moreAugust 18, 2014 12:21 pm
Robusta futures fell on Monday after rains boosted crop development in the worlds biggest producer of the coffee variety – Vietnam. Arabica futures also fell but losses were limited as Brazil, the top producer, is expected to export more coffee compared to last year, drying out stockpiles, while it will be unable to gather extra […]
Read moreAugust 18, 2014 9:50 am
Corn prices continued climbing during early trade in Europe today, heading for a sixth straight session of gains ahead of the US Department of Agricultures weekly crop report. Beans were also higher, while wheat dropped, as Russian producers were seen selling in bulk, hedging against a possible geopolitical deterioration. The US Department of Agricultures (USDA) […]
Read moreAugust 18, 2014 8:44 am
Gold prices were lower during early trade in Europe today, as investors were still in denial over a possible further deterioration of the crisis in Ukraine. Palladium did climb to a new 13-year high, as traders acknowledged the risks for top-producer Russia. Gold futures for December settlement on the Comex in New York traded at […]
Read moreAugust 18, 2014 8:17 am
Natural gas fell to a three-week low on Monday, extending its previous weeks decline, as weather forecasts called for cooler-than-seasonal weather across most of the US through the end of August, despite a minor warm-up in the central and northern US which is expected to take place this week. On the New York Mercantile Exchange, […]
Read moreAugust 18, 2014 7:44 am
WTI and Brent prices were deep in the red during early trade in Europe today, as investors assessed risks from the conflicts in Ukraine and Iraq. WTI futures for delivery in September on the NYMEX traded at $96.63 per barrel at 7:40 GMT, down 0.47%. The contract lost about 0.3% last week, reaching an eight-month […]
Read moreAugust 16, 2014 7:34 am
Gold futures traded in a relatively narrow range this week, as investors saw mixed economic data, as well as both tensions and relief on the geopolitical scene. US stocks found increased demand, while the dollar and euro failed to find a direction. Gold futures for delivery in December dropped 0.72% on Friday, closing at $1,306.2 […]
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