September 11, 2013 9:07 am
Copper advanced on Wednesday as receding fears that the U.S. will launch a punitive military attack against Syria stoked demand for riskier assets and reduced concern that a war in the Middle East would hurt the global economic recovery. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December […]
Read moreSeptember 11, 2013 8:31 am
Gold futures traded on the upside in the early European session but remained fairly unchanged as diminishing concern over U.S. military intervention in Syria limited safe haven demand for the metal. The market was also pressured amid broad expectations that the Federal Reserve will begin trimming its monetary easing program after FOMCs upcoming meeting next […]
Read moreSeptember 11, 2013 7:27 am
West Texas intermediate dropped for a third day as President Obama called for a pause on authorizing military action against Syria after yesterday the Middle Eastern country agreed with the Russian proposal to relinquish control of its chemical arsenal. This eased concern over an imminent escalation of the conflict, which investors feared might spill over […]
Read moreSeptember 10, 2013 2:56 pm
Natural gas futures fell on Tuesday as weather forecasts pointed at normal temperatures across the East Coast. The fuel was also pressured as analysts expected this weeks build to exceed the five-year average, sighting waning demand. On the New York Mercantile Exchange, natural gas for October delivery fell by 1.2% to $3.560 per million British […]
Read moreSeptember 10, 2013 2:10 pm
Oil prices slumped in the late European session as Syrian Foreign Minister Walid al-Muallem said today that his country agreed with Russias proposal to relinquish control of its chemical arsenal in order to avoid military conflict with the U.S. Both WTI and Brent benchmarks fell more than 2%, followed by a 1.5% decline in gold […]
Read moreSeptember 10, 2013 12:21 pm
Grain futures were mixed on Tuesday with corn and wheat marking minor daily gains, while soybeans declined as weather forecasts showed expectations for rainfall in the Midwest that would ease stress on the oilseed crop. On the Chicago Board of Trade, soybean futures for delivery in November fell by 0.67% to $13.4738 at 12:19 GMT. […]
Read moreSeptember 10, 2013 9:58 am
Copper fell for the first time in three days on Tuesday as market players weighed the possibility for Fed tapering its monetary stimulus this month against prospects for increased demand in China following the recent upbeat data. Uncertainty over what actions the U.S. will take against Syria also left market players ambivalent about their expectations. […]
Read moreSeptember 10, 2013 9:32 am
Gold fell for a second day as tension in the Middle East eased after Russia proposed to assist Syria in relinquishing control of its chemical weaponry, if that would help avoid an imminent U.S.-led intervention in the Syrian civil war. Broad expectations that the Federal Reserve will begin paring its monetary stimulus after FOMCs upcoming […]
Read moreSeptember 10, 2013 7:13 am
West Texas Intermediate fell for a second day as fear over an imminent attack against the Syrian regime eased after Russia said it will help put Syrias chemical weaponry under international control, which could avert the U.S.-led attack against the Middle Eastern country. On the New York Mercantile Exchange, WTI crude for October delivery fell […]
Read moreSeptember 9, 2013 2:49 pm
Both WTI and Brent benchmarks retreated in early American trading on receding fears that the U.S. will launch an imminent attack against the Syrian regime for using chemical weaponry against its own civilians on August 21. President Obama still faces opposition in the U.S. Senate and it is not clear whether a vote authorizing the […]
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