July 4, 2013 2:42 pm
Gold traded in a narrow range throughout the day and hit a session low as the dollar pushed against the euro following Mario Draghis announcement on the future direction of ECBs monetary policy. Gold futures for August delivery traded at $1 248.15 per troy ounce at 14:41 GMT, below its opening price of $1 252.65. […]
Read moreJuly 4, 2013 12:47 pm
Cocoa fell on Thursday amid speculation next harvest in the worlds biggest growing region will be delayed due to unfavorable weather. On NYSE LIFFE in London, cocoa futures for July delivery traded at $1 497 pounds per ton, up 1.49% on the day. Prices ranged between days high and low of $1 503 and $1 […]
Read moreJuly 4, 2013 9:00 am
Copper fell on Thursday as decreased demand outlook from the metals biggest consumer, China, weighed on prices. Investors also laid eyes on tomorrows key U.S. economic data that is expected to be on track withs Fed projections as a step towards Quantitative Easing tapering. Copper futures for September delivery traded at $3.149 a pound at […]
Read moreJuly 4, 2013 8:25 am
Gold remained fairly unchanged during Thursdays slow trading, supported by speculation demand may increase amid Europes debt crisis and political turmoil in Egypt. Gold for August delivery traded at $1 252.35 per troy ounce at 7:54 GMT, down 30 cents from opening price. The precious metal held range between days high and low at $1 […]
Read moreJuly 4, 2013 7:02 am
West Texas Intermediate traded above $101 on Thursday, holding in tight range as there will be no floor trading in New York due to the Independence Day holiday. Oil prices surged recently as political tension in Egypt threatened to close the Suez Canal and EIAs latest oil reserves report showed an unexpectedly large drop in […]
Read moreJuly 3, 2013 2:59 pm
According to the Energy Information Administrations weekly oil reserves report, U.S. Crude Oil Inventories dropped well above expectations. Gasoline and distillate fuel stockpiles also decreased, rebutting projections. On the New York Mercantile Exchange, WTI crude for August delivery traded at $101.96 a barrel at 14:58 GMT, up 2.37% on the day. Prices ranged between days […]
Read moreJuly 3, 2013 2:27 pm
Gold retained its previous daily gains and advanced further as several key U.S. economic indicators showed controversial readings. Increased physical demand kept supporting prices while concern of an earlier-than-expected Quantitative Easing deceleration still weighed. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 257.85 per troy […]
Read moreJuly 3, 2013 12:54 pm
Soft futures were mixed on Wednesday with coffee marking daily losses, while cotton and sugar remained fairly unchanged near their previous close and cocoa advanced amid speculation over crop delays. On the NYSE LIFFE cocoa futures for July delivery traded at $1 475 a ton, up 1.65% on the day. Prices ranged between days high […]
Read moreJuly 3, 2013 11:30 am
Copper rose on Wednesday amid concern over physical supply as output in recent months was interrupted. However, gains were limited by Feds monetary stimulus outlook prior to key U.S. economic data, scheduled for today. Another bit of negative China data also weighed on prices. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreJuly 3, 2013 9:19 am
Grain futures traded higher on Wednesday as speculations arose that low prices will encourage importers to fill in stockpiles. Egypt purchased a large quantity of wheat yesterday, while China expects a shipment of corn. On the Chicago Mercantile Exchange, wheat futures for September delivery marked a new days high at $6.6988 a bushel at 9:12 […]
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