November 5, 2013 9:40 am
Gold futures fell for a sixth day on Tuesday as the U.S. dollar rebounded from Mondays losses after the euro reversed earlier gains. Market players remained cautious ahead of a European Central Bank policy meeting later this week and the release of crucial U.S. employment and GDP data, which is expected to provide indications of […]
Read moreNovember 5, 2013 8:40 am
Both West Texas Intermediate and Brent benchmarks were steady near yesterdays multi-month lows on expectations the American Petroleum Institute and the Energy Information Administration will report U.S. crude oil inventories rose for a seventh consecutive time last week amid record-high output and low refinery utilization rate. Heavy gunfire in Libyas capital city and ongoing protests […]
Read moreNovember 4, 2013 4:04 pm
Gold rose in the late European and early U.S. trading sessions after St. Louis Federal Reserve President James Bullard said the Fed should not “hurry” to scale back its monthly purchases as inflation is well below the targeted 2%. A decline in new orders of non-military capital goods other than aircraft also pressured the greenback […]
Read moreNovember 4, 2013 2:44 pm
Natural gas fell to the lowest since mid-August amid forecasts for above-average temperatures in key U.S. consuming areas, limiting the power-station fuels demand prospects prior to the peak winter season. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.442 per million British thermal units at 14:37 GMT, down […]
Read moreNovember 4, 2013 12:48 pm
Grain futures rose during European trading on Monday with corn hovering near Fridays three-year low on expectations U.S. supplies will be bigger than USDAs estimates, while soybeans and wheat posted moderate gains amid mixed weather across the worlds main growing areas. On the Chicago Board of Trade, soybeans futures for settlement in January rose by […]
Read moreNovember 4, 2013 10:09 am
Copper swung between gains and losses on Monday as market players weighed speculations the Federal Reserve might pare its bond purchases earlier than projected against overall upbeat manufacturing data from the Euro zone. A report by Chinas National Bureau of Statistics showing the Asian nations service sector expanded at the fastest pace since August 2012 […]
Read moreNovember 4, 2013 9:17 am
Gold swung between gains and losses on Monday but remained near Fridays two-week low on speculations the recent upbeat U.S. economic data might allow the Federal Reserve to scale back its bond purchases earlier than previously projected. The U.S. dollar remained steady at 1-1/2-month high levels. Market players eyed the upcoming key data from Europe […]
Read moreNovember 4, 2013 8:32 am
West Texas Intermediate marked a minor advance on Monday as investors locked in fresh positions after the U.S. benchmark fell to the lowest since June on Friday as the dollar rallied after a string of upbeat economic data. Brent posted a moderate gain as it drew support by ongoing turmoil in Libya, despite a recent […]
Read moreNovember 3, 2013 8:02 am
Gold tumbled to a two-week low on Friday and settled at the lowest price since October 22 after the U.S. dollar received a boost by a string of upbeat economic data which fueled speculations the Federal Reserve may begin scaling back its monthly bond purchases earlier than expected. Silver and palladium closed the week lower, […]
Read moreNovember 2, 2013 11:20 am
Both West Texas Intermediate and Brent benchmarks retreated on Friday and settled the week at multi-month lows after U.S. crude oil inventories rose for a sixth straight week to the highest since June and the U.S. dollar rallied, pressuring down dollar-denominated commodities. A partial recovery of Libyas crippled crude output further weighed, pushing Brent down […]
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