May 4, 2014 7:31 am
Natural gas settled for a weekly gain on Friday, though significantly improving stockpiles in the US brought earlier advances on cooler weather down. Forecasts for the following week put temperatures at near-normal over most of the US, allowing for bigger gains in inventories. Front month natural gas futures, due in June, closed for a 0.59% […]
Read moreMay 3, 2014 7:47 am
Gold surged during US trading on Friday, jumping back to positive weekly territory after four straight sessions of losses, as escalating tensions in Ukraine reduced risk appetite and spurred safe-haven demand, offsetting previous losses incurred due to better-than-expected US employment data. Gold futures for settlement in June soared 1.52% on Friday to settle at $1 […]
Read moreMay 3, 2014 6:15 am
Crude oil was pressured by a second week of record-high supplies in the US. Positive data from the worlds top economy stoked bullish sentiment, after poor Chinese figures. Libyan exports set to rise, while the conflict in Ukraine continued to escalate. West Texas Intermediate futures for delivery in June closed for $99.76 per barrel on […]
Read moreMay 2, 2014 1:25 pm
Safe-haven metals were pressured during afternoon trade in Europe today, as improving employment data from the US added to previous manufacturing and consumer reports. The figures solidify positive outlooks for the worlds largest economy, after Feds vote of confidence. Copper also felt the major news for the US, but traded above the last close, after […]
Read moreMay 2, 2014 11:59 am
New York copper added modest gains before noon in Europe today. Strong figures on factory activity in the US and EU off-set somewhat disappointing data from China yesterday. US unemployment rate eyed. Copper futures for July, the most traded contract on the COMEX in New York, traded for $3.0365 per pound at 11:58 GMT, adding […]
Read moreMay 2, 2014 9:10 am
Early European trading saw front month natural gas regain some of last sessions losses, when a report on significant gains in supplies in top consumer US prompted bearish trade. Weather reports project a slightly cooler weather over most of the northern and eastern states. Front month natural gas futures, due in June, added 0.59% at […]
Read moreMay 2, 2014 8:06 am
Gold contracts traded even with last sessions close during early European trading today. The precious metal is pressured by the improving US economy and dropped again yesterday, for a fourth consecutive day. Gold futures due in June traded for $1 283.7 per troy ounce at 7:58 GMT on the COMEX in New York today, adding […]
Read moreMay 2, 2014 7:22 am
Crude oil contracts orbited yesterdays close during early trading in Europe today. Both West Texas Intermediate and Brent continued to lose on Thursday, after a significant build-up in supplies in the US was reported on Wednesday. West Texas Intermediate futures for delivery in June traded for $99.52 per barrel at 7:17 GMT on the New […]
Read moreMay 1, 2014 1:47 pm
Gold and silver futures fell for a fourth straight session during trading in Europe today, amid official optimism about the US economy. Meanwhile, copper futures marked a drop, as outlooks of an improving dollar added to bearish data from China. Gold futures due in June traded for $1 278.4 per troy ounce at 13:42 GMT […]
Read moreMay 1, 2014 11:52 am
Crude oil futures kept dropping before noon in Europe today, as growing supplies in the US weighed on prices in addition to bearish economic data from the US and China. Natural gas contracts also slid, as expectations on big gains in US stockpiles outweigh forecasts of cooler weather over most of the States. West Texas […]
Read more