October 3, 2013 2:21 pm
Gold trimmed its daily losses but remained lower on Thursday after data showed that the U.S. service sector activity expanded at a much slower pace than expected. Meanwhile, the Labor Department reported fewer people filed for initial jobless payments last week than analysts projected, giving a positive sign for the U.S. labor markets healing process. […]
Read moreOctober 3, 2013 11:39 am
Copper fell on Thursday as the U.S. government shutdown entered a third day and threatened to impact the economic growth if it extends into next week. Larger than expected expansion of Chinas service sector however limited losses. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell by […]
Read moreOctober 3, 2013 10:26 am
Gold retreated on Thursday after advancing the most in two weeks on Wednesday as investors assessed the chance of a possible protraction of the government shutdown and its impact on the U.S. economy. Silver, platinum and palladium tracked golds downward momentum. On the Comex division of the New York Mercantile Exchange, gold futures for delivery […]
Read moreOctober 3, 2013 7:04 am
West Texas Intermediate fell on Thursday after posting the biggest daily advance in two weeks on Wednesday after the Energy Information Administration reported that U.S. crude stockpiles rose much more than analysts anticipated. A nearly completed TransCanada pipeline that would move oil from Cushing, Oklahoma led to a 2% jump in prices yesterday. President Barack […]
Read moreOctober 2, 2013 3:04 pm
Both WTI and Brent benchmarks surged on Wednesday and erased daily losses after TransCanada said that it expects to finish construction of a pipeline that will reduce stockpiles at Cushing, Oklahoma. The news offset a bearish weekly report by the Energy Information Administration which showed a larger than expected rise in crude inventories. On the […]
Read moreOctober 2, 2013 2:03 pm
Natural gas futures rose on Wednesday as investors monitored tropical storm activity in the Atlantic and Pacific Oceans, as well as in the Gulf of Mexico. Gains were limited by forecasts for seasonal temperatures in the West and Midwest next week, curbing demand prospects for the power-station fuel. On the New York Mercantile Exchange, natural […]
Read moreOctober 2, 2013 12:56 pm
Gold rose to a new session high above the $1 300 mark on Wednesday after Automatic Data Processing Inc. reported that the U.S. private sector created less jobs in September than expected. An ongoing partial shutdown of the federal government and budget discussions impasse continued to support the metal. Silver and platinum rose, while palladium […]
Read moreOctober 2, 2013 9:57 am
Grain futures fell on Wednesday on concern that the U.S. government shutdown will impair functioning of the U.S. Department of Agriculture, which would dampen overseas demand after a report showed on Monday bigger-than-expected stockpiles of corn and soybeans. On the Chicago Board of Trade, corn futures for delivery in December fell by 0.69% to $4.3538 […]
Read moreOctober 2, 2013 8:58 am
Copper continued to retreat on Wednesday after posting its biggest daily decline in three weeks on Tuesday amid growing concern that ongoing budget talks stalemate in the U.S. will hurt the largest economys fourth quarter growth. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell by 0.12% […]
Read moreOctober 2, 2013 8:17 am
Gold rebounded from a recently hit two-month low as market players weighed a continuing partial government shutdown and the outlook for delayed Fed stimulus tapering in case the budget stalemate is protracted and hurts significantly the economic growth. Silver and palladium fell, while platinum advanced. On the Comex division of the New York Mercantile Exchange, […]
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