November 28, 2013 9:45 am
Gold swung between gains and losses on Thursday after overall upbeat data from the U.S. on Wednesday reinforced speculations for an earlier-than-expected deceleration of Feds quantitative easing program. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, fell to the lowest since early 2009, adding to bearish sentiment. However, robust physical demand from China […]
Read moreNovember 28, 2013 8:56 am
Natural gas hit the highest level since June as the Energy Information Administration reported that U.S. gas inventories fell in line with expectations last week, indicating robust demand during the winter heating season. Forecasts for below-normal-temperatures further supported the market. On the New York Mercantile Exchange, natural gas futures for settlement in January traded at […]
Read moreNovember 28, 2013 8:17 am
West Texas Intermediate traded near the lowest level since early June after the Energy Information Administration reported that crude inventories in the U.S. rose for a tenth consecutive week in the seven days to November 22 as the countrys output surged to the highest in almost 25 years. Prices however drew support on ongoing protests […]
Read moreNovember 27, 2013 4:09 pm
West Texas Intermediate crude fell to the lowest in six months on Wednesday following a series of mixed U.S. data and as the Energy Information Administration reported that U.S. crude oil inventories rose more than projected last week due to record high output, marking a tenth consecutive weekly gain. On the New York Mercantile Exchange, […]
Read moreNovember 27, 2013 2:55 pm
Gold was mostly unchanged following a series of mixed U.S. data released on Thursday, which left investors ambivalent about their expectations for an earlier-than-expected Fed stimulus tapering. Prices remained supported by increased demand from China following a recent decline in prices and as jewelers and retailers restocked inventories ahead of the peak-demand season in the […]
Read moreNovember 27, 2013 1:39 pm
US natural gas swung between gains and losses on Wednesday ahead of EIAs weekly US storage report as weather forecasts pointed to freezing cold temperatures, well below average. On the New York Mercantile Exchange, natural gas for delivery in January plunged to $3.844 per million British thermal units by 13:30 GMT, down 0.53% on a […]
Read moreNovember 27, 2013 11:01 am
Copper rose back to positive territory after trading mostly lower throughout the day as upbeat data from Germany and Great Britain supported the metals demand prospects while pressuring the U.S. dollar. Surprisingly positive housing data from the U.S. on Tuesday continued to underpin the market, but also spurred speculations for an earlier-than-projected deceleration of Feds […]
Read moreNovember 27, 2013 9:49 am
Gold futures surged for a second day as investors weighed increased demand from China against expectations for an earlier-than-expected deceleration of Feds quantitative easing program following Tuesdays upbeat housing data. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in February rose to $1 247.00 per troy ounce by 9:41 […]
Read moreNovember 27, 2013 9:21 am
Grain futures edged higher on Wednesday with corn slightly advancing, while wheat and soybeans posted moderate gains. The oilseed gained for a fifth straight day supported by strong demand for US supplies, despite a recent cancellation of orders by China. On the Chicago Board of Trade, soybeans futures for settlement in January rose by 0.54% […]
Read moreNovember 27, 2013 8:18 am
West Texas Intermediate crude fell for a fourth straight day after industry group the American Petroleum Institute reported that U.S. crude inventories jumped for a tenth consecutive week in the seven days through November 22. Tuesdays upbeat housing data continued to point at robust economic recovery in the worlds largest oil consumer but also spurred […]
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