May 8, 2014 8:53 am
Gold contracts traded near yesterdays closing price during early hours in Europe today. On Wednesday Russian President Vladimir Putin signified a shift in Kremlins tone, asking rebels to put-off an independence referendum, and pulling troops away from the border, which pressured safe-haven demand for gold. Elsewhere, Feds Chair Janet Yellen confirmed continuing support for the […]
Read moreMay 8, 2014 7:29 am
US crude orbited around yesterdays close during early trading in Europe today, keeping most of the gains made after a report on declining supplies in the US. China also logged a sizable buff to crude, as foreign trade in the second-top oil consumer was reported much better than expected. Ukraine still stands as a firm […]
Read moreMay 7, 2014 3:01 pm
The weekly Energy Information Administration (EIA) report on oil inventories in the US revealed crude stocks had declined, supporting West Texas Intermediate. Previously, the US brand saw further support by reports of a strengthening US economy, though bearish data from China pared significant gains. Meanwhile, natural gas contracts dropped today, as warmer weather sets-in over […]
Read moreMay 7, 2014 1:44 pm
Precious metals dropped earlier gains on Ukraine ahead of a testimony by Feds Chair Janet Yellen. A show of confidence is expected, pressuring gold and silver. Meanwhile, copper was losing, as negative industrial outlooks in China outweighed positive data from the US. Gold futures due in June traded for $1 303.2 per troy ounce at […]
Read moreMay 7, 2014 12:21 pm
Copper futures saw bearish trading before noon in Europe, as negative factory reports from China continued pressuring the industrial metal. On Thursday a report on Chinese foreign trade is expected to show a contraction in exports. Previously, data on Friday stoked confidence for the red metal, as employment figures in the US reached multi-year highs. […]
Read moreMay 7, 2014 9:59 am
Natural gas futures dropped some of yesterdays gains during early European trading hours, as weather reports project warmer US over the following days. Heating demand is expected to be below average. Traders await government data on natgas inventories in the US tomorrow, as last weeks heatwave in the West is expected to have pressured gains. […]
Read moreMay 7, 2014 8:59 am
Gold futures added during early trading in Europe today, as tensions in Ukraine grew. More separatists actions, alongside only limited successes by Kiev bumped-up safe-haven demand. Elsewhere, the US economy saw further reports of improvement, pressuring the precious metal. Gold futures due in June traded for $1 312.7 per troy ounce at 8:56 GMT on […]
Read moreMay 7, 2014 7:39 am
West Texas Intermediate marked gains during early trading in Europe today, after a private research body suggested supplies in the US have fallen. Meanwhile, Brent also added, while traders await the official report on stockpiles later today. The conflict in Ukraine helped put a floor on prices, as battles were inconclusive and risks weighed. West […]
Read moreMay 6, 2014 8:23 am
Gold contracts kept steady during early trading in Europe, after on Monday news of intense battles in Ukraine prompted increased safe-haven demand. Recent data, signifying the improving state of the US economy was not enough to overcome the risk-off mentality of investors, though long-term pressure remains. Gold futures due in June traded for $1 311.1 […]
Read moreMay 5, 2014 8:15 am
Crude oil futures gained on intensifying battles in Ukraine during early hours in Europe today, after being pressured by a bearish report on factory activity in China. Previously, data from the EU and US improved demand outlooks, supporting crude. West Texas Intermediate futures for delivery in June traded for $100.37 per barrel at 8:12 GMT […]
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