January 14, 2014 3:42 pm
Grain futures were mixed on Tuesday, with soybeans advancing for a fourth day on increased Chinese demand. Wheat also advanced, while corn declined. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.13% to trade at $12.9438 per bushel by 14:47 GMT. Prices swung between day’s high and low of […]
Read moreJanuary 14, 2014 1:10 pm
Natural gas advanced for a third day on Tuesday amid expectation a government report may show a record-high decline in US gas supplies, following last week chilly weather conditions. The energy source continued to be supported by weather forecasting models, which called for freezing temperatures over many densely populated US areas, boosting demand for the […]
Read moreJanuary 14, 2014 8:25 am
West Texas Intermediate crude swung between gains and losses after falling by more than 1% on Monday on expectations a government report tomorrow will show US fuel inventories gained for a third week, indicating soft demand in the worlds top consumer. Prospects for the return of additional Iranian oil to the global market and an […]
Read moreJanuary 14, 2014 7:54 am
Gold advanced on Tuesday as investors weighed the influence of the recent rally on demand. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in 5 years and this combined with a stronger dollar held gold gains in check. On the Comex division of the New York Mercantile Exchange, gold […]
Read moreJanuary 13, 2014 2:57 pm
Grain futures were mixed on Monday, with wheat rebounding from the lowest level since July 2010, after Egypt, the worlds top wheat importer, purchased a large amount of US grain in a tender. Soybeans declined, while corn traded little changed. Wheat futures for settlement in March rose by 0.52% to trade at $5.7238 per bushel […]
Read moreJanuary 13, 2014 1:43 pm
Natural gas increased on Monday amid speculation for a record-high drop in US gas inventories in the week ended January 10, following last weeks freezing cold temperatures. The energy source was also supported by long-term weather forecasting models that called for below-normal temperatures across many densely-populated US areas, which will increase demand for the power-station […]
Read moreJanuary 13, 2014 9:09 am
West Texas Intermediate crude fell on Monday after rising the most in a month on Friday as prospects for the return of as much as 1 million bpd of Iranian oil to the global markets weighed on prices. Losses remained in check after worse-than-expected employment data released on Friday eased speculations the Federal Reserve will […]
Read moreJanuary 13, 2014 8:03 am
Gold advanced to one-month high after data showed the US economy created the least jobs in almost three years, boosting speculation the Fed will have to slow the pace of stimulus cuts. A weaker dollar further supported the metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in […]
Read moreJanuary 12, 2014 3:08 pm
Gold rallied on Friday to settle the week at one-month high, after a report by the Labor Department showed the US economy created the least jobs in almost three years, easing concerns the Federal Reserve will further reduce its bond purchases at FOMC’s upcoming meeting. A weaker dollar further supported the metal. On the Comex […]
Read moreJanuary 12, 2014 10:08 am
Natural gas rebounded from a one-month low on Friday but marked a third consecutive weekly decline as short-term weather forecasting models called for moderating weather in the upcoming days, implying reduced consumption of the power-station fuel. Expectations for a record high withdrawal in US inventories and extended forecasts pointing to the return of colder-than-usual temperatures […]
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