February 18, 2014 8:12 am
Gold traded little changed after touching 3-1/2-month high, as investors weighed the prospects for further Fed stimulus cuts against signs of decreasing physical demand amid the recent rally in prices. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged on Monday, after capping three weeks of advances, the longest run since August. […]
Read moreFebruary 17, 2014 3:43 pm
Grain futures advanced on Friday, soybeans touched a 5-month high, capping a second weekly gain, after the US Department of Agriculture predicted on Thursday that demand for the US oilseed from China, the largest global importer of the grain will increase. Corn advanced a fourth week, while wheat registered a second weekly advance. Meanwhile, the […]
Read moreFebruary 17, 2014 1:17 pm
Natural gas advanced to the strongest level in almost two weeks as the frigid weather over most of the densely populated US areas continued to support strong demand for the heating fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared by 4.89% to trade at $5.649 per million British […]
Read moreFebruary 17, 2014 8:10 am
Gold advanced on Monday to the strongest level since October, after downbeat US economic data fueled speculations the US economy may slow its growth, boosting demand for haven assets. Billionaire John Paulson, the owner of the largest stake in the SPDR Gold Trust, the biggest bullion-backed ETF, kept his holdings unchanged in the fourth quarter, […]
Read moreFebruary 17, 2014 8:09 am
West Texas Intermediate crude rose for the first time in three sessions as rising optimism for the US economic recovery bolstered demand outlook, offsetting an unexpected contraction in the countrys manufacturing sector. A weaker dollar, shrinking Libyan output and further signs of stabilizing economic activity in China also supported the oil complex. On the New […]
Read moreFebruary 16, 2014 7:42 am
West Texas Intermediate crude settled above $100 on Friday and posted its fifth consecutive weekly advance, the longest rally in more than a year, as better-than-expected US consumer confidence offset a contraction in the countrys industrial production. A decline in US fuel inventories, further withdrawals in stockpiles at Cushing, Oklahoma, and tighter supplies from Libya […]
Read moreFebruary 15, 2014 8:22 am
Gold advanced on Friday to the strongest level since November, marking the largest weekly advance in six months, as downbeat US economic data boosted demand for haven assets, with holdings in the SPDR Gold Trust, the biggest bullion-backed ETF, expanding to the strongest level in almost two months. A weaker US dollar also fostered positive […]
Read moreFebruary 14, 2014 1:44 pm
Grain futures advanced on Friday, soybeans touched a 5-month high, after the US Department of Agriculture predicted yesterday that demand for the US oilseed from China, the largest global importer of the grain will increase. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.44% to trade at $13.5088 per […]
Read moreFebruary 14, 2014 9:35 am
Natural gas surged on Friday and headed for the first week of advances since January 24, as the chilly US weather spurred demand for the energy source and eroded stockpiles by the largest February amount since 2007. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared by 1.95% to trade […]
Read moreFebruary 14, 2014 8:17 am
West Texas Intermediate crude fell on Friday after an unexpected decline in US retail sales and an increase in the number of people filing for initial unemployment payments raised concerns over the recovery state of the worlds biggest economy. Losses however were capped by supply outages in Libya and Angola and as cold weather and […]
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