March 13, 2014 7:48 am
Gold futures advanced to the strongest level in more than six months as worsening tension between Ukraine and Russia spurred demand for haven assets, with prices heading for the best string of weekly gains since September 2012. A weaker US dollar also supported the yellow metal, while assets in the SPDR Gold Trust, the biggest […]
Read moreMarch 12, 2014 3:43 pm
Grain futures were mixed on Wednesday, soybeans fell a third day amid speculation the recent price rally may curb demand and China, the world largest importer of the grain may cancel more cargoes. Meanwhile, corn advanced, while wheat touched the strongest level in more than four months. On the Chicago Board of Trade, soybeans futures […]
Read moreMarch 12, 2014 2:53 pm
West Texas Intermediate crude remained near the lowest level in a month after government data showed that US crude oil inventories rose much more than expected, marking an eight consecutive weekly advance. Losses were limited as supplies at the biggest US storage hub fell for a sixth week and as motor gasoline inventories dropped above […]
Read moreMarch 12, 2014 1:27 pm
Natural gas futures declined to the weakest level in two weeks on Wednesday, as weather forecasting models called for a warm-up across many densely populated US areas, curbing demand for the power-station fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April plunged by 2.88% to trade at $4.473 per million […]
Read moreMarch 12, 2014 8:09 am
West Texas Intermediate crude fell for a third day, the longest losing stretch in two months, after a private report showed US crude oil inventories rose more than expected in the seven days through March 7th, while a government report is expected to show a similar gain. Demand concerns emanating from China further pressured prices, […]
Read moreMarch 12, 2014 7:53 am
Gold futures soared to the strongest level in almost six months after speculation Chinas economic growth is losing momentum hurt equities, fueling demand for haven assets at a time when tension between Russia and Ukraine escalates. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday, holding at the highest level since […]
Read moreMarch 11, 2014 3:40 pm
Grain futures advanced on Tuesday, soybeans rose after the US Department of Agriculture lowered its global output forecast yesterday. On the Chicago Board of Trade, soybeans futures for settlement in May, rose 0.45% to trade at $14.2538 per bushel by 15:37 GMT. Futures touched a session high at $14.2862 per bushel, while day’s low was […]
Read moreMarch 11, 2014 12:48 pm
Natural gas futures declined on Tuesday, as weather forecasting models called for above-normal temperatures across many densely populated US areas, curtailing demand for the power-station fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April fell by 0.42% to trade at $4.632 per million British thermal units by 12:47 GMT. Natural […]
Read moreMarch 11, 2014 8:24 am
West Texas Intermediate crude rose in early European trading after it closed at the lowest in three weeks the previous day amid fears of escalating tension in the Crimea region. Gains however remained limited amid expectations for US crude supplies to have risen for an eight straight week, while weak data points from China raised […]
Read moreMarch 11, 2014 7:51 am
Gold futures rose on Tuesday as market players weighed the prospect of Fed stimulus cuts against possible military conflict between Russia and Ukraine. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday to the highest level since December 20. On the Comex division of the New York Mercantile Exchange, gold futures […]
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