October 11, 2013 8:17 am
Gold fell for a fourth day on Friday to a three-month low on hopes that the U.S. political impasse will be resolved soon after Thursdays meeting between Republicans and Barack Obama fanned optimism. Silver, platinum and palladium fell as well. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in […]
Read moreOctober 11, 2013 7:20 am
Oil prices retreated after surging on Thursday as the political standoff in the U.S. continued despite yesterdays optimism for a resolution. Lowered forecast for demand for OPEC oil in the fourth quarter and next year also weighed on prices. Hopes for an end to the budget and debt ceiling impasse and renewed geopolitical tension tension […]
Read moreOctober 10, 2013 1:49 pm
Natural gas rose more than 2% on Thursday after weather forecasters predicted below-normal temperatures in key U.S. consuming areas, boosting the power-station fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in November rose by 1.83% to $3.747 per million British thermal units at 13:51 GMT. Prices surged to a session […]
Read moreOctober 10, 2013 1:20 pm
Gold surged to session high in late European trading after the U.S. Labor Department reported that the number of people who filed for initial unemployment benefits in the week ended October 5 rose the most since March as California worked through a backlog and the budget standoff forced some contractors to pare personnel. An underlying […]
Read moreOctober 10, 2013 11:20 am
Grain futures advanced on Thursday with corn and soybeans extending positions on signs of increased demand for U.S. supplies. On the Chicago Board of Trade, corn futures for delivery in December rose by 0.48% to $4.4613 per bushel at 11:18 GMT. Prices held in range between days high and low of $4.4638 and $4.4313 per […]
Read moreOctober 10, 2013 8:41 am
Copper swung between gains and losses and fell in the early European trading session after data on Wednesday and Thursday showed a decrease in manufacturing output in most of Europes big economies. A stronger dollar also weighed on prices. On the Comex division of the New York Mercantile Exchange, copper futures for settlement in December […]
Read moreOctober 10, 2013 7:50 am
Gold fell for a third day on Thursday as the U.S. dollar continued to advance and a potential deal between Republicans and Democrats on raising the nations debt limit fueled hope that the economy will be put back on track and Feds stimulus will be reduced. FOMCs September meeting protocols revealed that most policymakers agreed […]
Read moreOctober 10, 2013 6:53 am
Brent led the rebound in oil prices on Thursday after a group called the Libya Revolutionaries Operations Room arrested Libyas Prime Minister Ali Zaidan, fueling concern that the countrys oil output which recently began to recover might be crippled again. Steps toward resolving the political deadlock in the U.S. also provided some support. Gains however […]
Read moreOctober 9, 2013 2:58 pm
West Texas Intermediate plunged more than 2% on Wednesday after the Energy Information Administration reported a much bigger than expected increase in U.S. crude oil stockpiles last week. A continuing government shutdown and unresolved deadlock in negotiations to raise the nations debt limit continued to curb demand prospects. On the New York Mercantile Exchange, WTI […]
Read moreOctober 9, 2013 2:22 pm
Gold retreated below the $1 300 mark on Wednesday as the U.S. dollar strengthened after a White House official said President Barack Obama will nominate Janet Yellen as Bernankes successor as Fed Chief. This fueled speculation that the central bank will maintain policy that would boost economic growth. Ongoing political impasse in the U.S. however […]
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