August 20, 2013 9:48 am
Grain futures fell on Tuesday amid record high output forecasts, despite USDAs weekly crop progress report on Monday that showed corn and soybeans condition has worsened last week. Corn retreated from a three-week high, while soybeans eased from the strongest level in four weeks. Wheat fell as well. On the Chicago Board of Trade, corn […]
Read moreAugust 20, 2013 8:45 am
Copper fell for a second day on Tuesday as market players assessed the prospect of Fed reducing its monetary stimulus in the near future with the upcoming release of FOMCs July meeting minutes. Upcoming China manufacturing data fell in focus. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in […]
Read moreAugust 20, 2013 8:09 am
Gold fell for a second day and is headed for its first back-to-back drop in two weeks as market players became wary ahead of the release of FOMCs July meeting minutes on Wednesday, while Mondays two-month high dampened demand. Platinum and palladium fell and silver tumbled more than 2%. On the Comex division of the […]
Read moreAugust 20, 2013 7:13 am
Oil prices fell for a second day after snapping a 6-day winning streak on Monday amid speculations what information tomorrows minutes from FOMCs July meeting will reveal. Losses remained in check on expectations the Energy Information Administration will report on Wednesday that U.S. crude oil reserves have dropped to the lowest since September. Persisting unrest […]
Read moreAugust 19, 2013 2:37 pm
Natural gas futures rose to a three-week high on Monday as weather forecasters predicted hot weather through late August that should crank up demand for the plant fuel. Meanwhile, Morgan Stanley expects natural gas inventories at the end of October to be in line with the last three years storage levels. On the New York […]
Read moreAugust 19, 2013 12:07 pm
Grain futures rose on Monday with soybeans advancing more than 1.5% on forecasts for dry weather that could harm yields. Corn and wheat also surged. On the Chicago Board of Trade, soybeans futures for September delivery traded at $13.0500 a bushel at 12:06 GMT, up 1.67% on the day. Prices held in range between days […]
Read moreAugust 19, 2013 9:41 am
Copper fell on Monday, snapping ten straight days of gains, as a round of profit taking following Fridays three-month high kicked in. Meanwhile, a trading error at Everbright Securities Co. on August 16 reduced investor confidence in Chinas stock market while uncertainty over Feds moves regarding its bond purchasing program left market players ambivalent following […]
Read moreAugust 19, 2013 8:26 am
Gold futures rose to a two-month high on Monday on increased physical demand and expectations that the Federal Reserve wont rush tapering its monetary stimulus following last weeks mixed economic data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 374.00 per troy ounce at 8:25 […]
Read moreAugust 19, 2013 7:22 am
Oil prices fell during early European trading after swinging between gains and losses in a calm trading session. Concerns over flows and shipments through the Suez Canal and Suez-Mediterranean pipeline persisted, while protests which crippled Libyas oil output and exports still havent been resolved, despite its biggest refinery, Ras Lanuf, resuming some product exports. On […]
Read moreAugust 16, 2013 2:51 pm
Gold extended gains on Friday and hit a new two-month high as overall disappointing U.S. economic data dampened speculations that the Federal Reserve may begin winding down its monetary easing program sooner-than-expected. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in December rose to $1 366.30 per troy ounce […]
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