November 15, 2013 9:51 am
Gold swung between gains and losses on Friday but remained near one-week high levels as investors weighed Fed Vice Chairwoman Janet Yellens comments for maintaining the current pace of monthly bond purchases against soft physical demand. Silver and palladium fell, while platinum was little changed. On the Comex division of the New York Mercantile Exchange, […]
Read moreNovember 15, 2013 8:57 am
West Texas Intermediate crude trimmed its weekly decline and Brent is set for its best week since July after Fed Vice Chairwoman Janet Yellen defended Feds current bond purchasing pace at a Senate hearing on Thursday, curbing speculations for an earlier-than-projected stimulus tapering. Gains were limited after the EIA reported U.S. crude oil inventories rose […]
Read moreNovember 14, 2013 4:00 pm
Natural gas trimmed its weekly decline on Thursday after the Energy Information Administration reported U.S. gas inventories rose less than expected last week, indicating robust demand prior to the peak of the winter heating season. Outlook for colder-than-usual weather in key U.S. consuming areas in the second half of November continued to support the market. […]
Read moreNovember 14, 2013 2:32 pm
Gold retained gains in late European trading after the U.S. Department of Labor reported that more Americans than projected filed for initial unemployment benefits last week. Applications fell but an upward revision to the preceding periods reading suggested the strictly watched by the Fed U.S. labor market recovery remained moderate. A separate report showing the […]
Read moreNovember 14, 2013 1:00 pm
Natural gas fell for a second day on Thursday on expectations the Energy Information Administration will report U.S. gas inventories rose above the average last week despite the recent below-average temperatures in the eastern half of the country. Projections that U.S. output will rise further in 2013 also weighed on the market. On the New […]
Read moreNovember 14, 2013 12:16 pm
Grain futures were mixed on Thursday with soybeans falling, while wheat rose and corn was fairly unchanged. Advancing U.S. harvest and favorable weather outlook throughout most of the worlds major growing areas pressured prices. On the Chicago Board of Trade, soybeans futures for settlement in January fell by 0.47% to $13.0838 a bushel by 11:40 […]
Read moreNovember 14, 2013 10:07 am
Copper swung between gains and losses on Thursday after President Barack Obama’s nominee to lead the Federal Reserve, Janet Yellen, backed Fed’s monetary easing program and curbed speculations for an earlier-than-expected stimulus tapering, supporting dollar-denominated commodities. Overall disappointing economic growth in the Euro zone however dimmed consumption outlook. Expectations for increased global output and supplies […]
Read moreNovember 14, 2013 9:10 am
Gold rose for a second day on Thursday after Fed Vice Chairwoman and President Barack Obama’s nominee to lead the Federal Reserve, Janet Yellen, backed Fed’s monetary easing program and curbed speculations for an earlier-than-expected stimulus tapering. Soft global physical demand in the third quarter however limited gains. Silver, platinum and palladium advanced. On the […]
Read moreNovember 14, 2013 8:22 am
West Texas Intermediate was mostly unchanged in early European trading hours, hovering near the lowest since the end of May as a private report showed U.S. crude oil stockpiles rose last week to the highest since June, an eight consecutive weekly gain. The American benchmark however drew support after Fed Vice Chairwoman and President Barack […]
Read moreNovember 13, 2013 2:57 pm
Brent rose more than 1% on Wednesday as ongoing protests in Libya continued to fuel concern over supplies from Africas biggest crude reserves holder, offsetting recently arisen speculations for an earlier-than-expected Fed tapering. Expectations the American Petroleum Institute and the EIA will report U.S. crude reserve rose for an eight consecutive week last week to […]
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