August 28, 2013 2:30 pm
Gold rebounded back to positive territory in the late European session following the release of unexpectedly downbeat U.S. pending home sales, which, coupled with last weeks disappointing new homes sales, eased concern that the Federal Reserve will begin tapering its monetary program in as early as September. A U.S. mortgage application activity index also marked […]
Read moreAugust 28, 2013 10:56 am
Copper fell to the lowest since August 22 as a stronger dollar pushed dollar-priced commodities down. Escalating geopolitical tension weighed on demand for riskier assets as investors sought safe haven security. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell to $3.312 per pound at 10:55 GMT, […]
Read moreAugust 28, 2013 9:06 am
Grain futures rebounded from yesterdays losses and advanced for a third day in four as outlook for hot and dry weather threatened to trim yields. On the Chicago Board of Trade, corn futures for delivery in December traded at $4.9088 per bushel at 9:03 GMT, up 0.92% on the day. Prices ranged between days high […]
Read moreAugust 28, 2013 8:13 am
Gold rose to a 3 1/2-month high on Wednesday as safe-haven buying continued to underpin the market following the escalating tension in Syria. Silver and platinum extended gains, while palladium fell. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 426.00 per troy ounce at 8:13 […]
Read moreAugust 28, 2013 7:27 am
West Texas Intermediate rose to the highest levels since April 2011 on concern that a seen as imminent missile attack against the Syrian regime may spill the conflict over the Middle East region, which accounts for a third of global oil output. Brent touched a 6-month high. On the New York Mercantile Exchange, WTI crude […]
Read moreAugust 27, 2013 2:53 pm
Gold rose to the highest since the middle of May amid escalating tension between the U.S. and the Syrian regime led by President Bashar al-Assad. Silver, platinum and palladium also advanced. On the Comex division of the New York Mercantile, gold futures for December delivery rose to $1 420.00 per troy ounce at 14:53 GMT, […]
Read moreAugust 27, 2013 2:15 pm
Natural gas futures fell more than 1.5% on Tuesday as weather forecasters predicted that temperatures along the East Coast and parts of the Midwest will fall to seasonal, thus limiting the power plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in October fell by 1.53% to $3.499 per million […]
Read moreAugust 27, 2013 1:57 pm
West Texas Intermediate surged to the highest since February 2012 as senior U.S. officials said missile strikes against Syria could be launched as early as Thursday. Brent hit a 6-month high. On the New York Mercantile Exchange, WTI crude for October delivery traded at $108.82 per bushel at 13:56 GMT, up 2.74% on the day. […]
Read moreAugust 27, 2013 9:40 am
Grain futures fell on Tuesday as investors weighed the outlook for hot and dry weather in the Midwest that could hurt crop yields against expectations for record-high production. Corn retreated more almost 1%, while wheat posted a moderate loss and soybeans remained fairly unchanged. On the Chicago Board of Trade, corn futures for delivery in […]
Read moreAugust 27, 2013 8:31 am
Copper fell on Tuesday following Mondays disappointing durable goods orders which spurred concern over demand prospects of the metal in the worlds second biggest consumer. Escalating tension in the Middle East stoked market sentiment as investors preferred to avoid riskier assets. On the Comex division of the New York Mercantile Exchange, copper futures for delivery […]
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