January 6, 2014 8:33 am
Gold advanced to the strongest level in three weeks on speculation the recent slump in prices spurred increased Chinese demand. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreJanuary 6, 2014 8:33 am
West Texas Intermediate crude was little changed on Monday after posting the biggest weekly decline since June 2012 before the Institute for Supply Management releases its December services data, poised to have marked an improvement. A larger-than-projected build in US distillate fuel supplies and domestic crude output surging to the highest since 1988 further weighed […]
Read moreJanuary 5, 2014 2:59 pm
Gold advanced on Friday, capping the largest weekly advance since October on robust Chinese physical demand. A stronger US dollar put some pressure on the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. On the Comex division […]
Read moreJanuary 5, 2014 9:44 am
Natural gas fell for a second week after a smaller-than-expected decline in US inventories offset weather models showing record breaking cold temperatures in many densely-populated US areas. On the New York Mercantile Exchange, natural gas futures for settlement in February fell by 0.4% on Friday to settle at $4.304 per million British thermal units. Prices […]
Read moreJanuary 4, 2014 3:45 pm
West Texas Intermediate crude fell on Friday, marking the worst weekly performance in 19 months after a report by the Energy Information Administration showed weak demand in the worlds top consumer and a jump in US refined product inventories. Prices were also pressured as a recent series of upbeat US data fueled speculations for an […]
Read moreJanuary 3, 2014 1:41 pm
Grain futures were mixed on Friday, with wheat hovering around 19-month lows on favorable weather conditions and a record-high global output. Meanwhile, corn and soybeans advanced. On the Chicago Board of Trade, wheat futures for settlement in March declined by 0.12% to trade at $5.9688 per bushel by 13:33 GMT. Prices jumped to a session […]
Read moreJanuary 3, 2014 12:05 pm
Natural gas declined on Friday and was set for second weekly decline, ahead of a government report that may show a lower-than-average withdrawal in US inventories last week. However, weather forecasting models supported the energy source by calling for below-average temperatures in most of the densely-populated US areas, boosting demand for the power-station fuel as […]
Read moreJanuary 3, 2014 8:18 am
West Texas Intermediate fell to the lowest in a month as upbeat data from the US released on Thursday raised speculations that the Federal Reserve may soon curb further its quantitative easing program, a month after the central bank decided to begin scaling back its bond purchases. Also weighing on the oil market, Libyan government […]
Read moreJanuary 3, 2014 7:53 am
Gold is set for the largest weekly advance since October on speculation for increased China demand. A stronger US dollar put some pressure on the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. On the Comex division […]
Read moreJanuary 2, 2014 2:52 pm
Grain futures were mixed on Thursday, with wheat advancing, while corn and soybeans declined. Grains registered annual declines in 2013, with corn losing as much as 40%, the steepest decline on record. On the Chicago Board of Trade, wheat futures for settlement in March advanced 0.20% to trade at $6.0238 per bushel by 14:49 GMT. […]
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