November 21, 2013 10:09 am
Gold fell for a second day on Thursday and remained near yesterdays 4-1/2-month low as the U.S. dollar advanced after FOMCs October meeting protocols revealed policy makers might scale back Feds monthly bond purchases in the coming months if the deceleration was warranted by sustainable economic growth. Silver fell, while platinum and palladium posted minor […]
Read moreNovember 21, 2013 8:15 am
West Texas Intermediate crude fell for a second day on Thursday after protocols from FOMCs October meeting revealed policy makers felt comfortable to scale back Feds monthly bond purchases in the next few months, if it was warranted by sustainable growth and the economic recovery proved resilient. Better-than-expected inventories data and retail sales released on […]
Read moreNovember 20, 2013 4:10 pm
WTI crude rose back to positive daily territory after the Energy Information Administration reported a smaller-than-projected increase in U.S. crude inventories last week, while distillate fuel stockpiles fell by nearly 5 million barrels. Gains were however limited on speculations Iran and world major powers may reach an accord on the Islamic republics disputed nuclear program […]
Read moreNovember 20, 2013 2:47 pm
Gold fell to the lowest since the beginning of July after the Commerce Department reported that U.S. retail sales jumped in October and exceeded analysts expectations, indicating the 16-day federal government shutdown had little effect on the U.S. economic recovery. A report by the Labor Department showing consumer and core consumer inflation overall met projections […]
Read moreNovember 20, 2013 1:22 pm
Natural gas rose on Wednesday after falling for two days as weather forecasting models continued to predict below-average temperatures in the next seven days, stoking demand for the power-station fuel as Americans crank up the heating. However, expectations for readings to moderate afterwards limited gains. On the New York Mercantile Exchange, natural gas for delivery […]
Read moreNovember 20, 2013 11:22 am
Grain futures were mixed on Wednesday with corn falling but remaining above Tuesdays 38-month low, while wheat rose to a one-week high on signs of strong global demand. On the Chicago Board of Trade, wheat futures for settlement in December traded at $6.4988 per bushel at 11:14 GMT, down 0.17% on the day. Prices shifted […]
Read moreNovember 20, 2013 10:24 am
Copper fluctuated on Wednesday but traded mostly higher after comments by Federal Reserve Chairman Ben Bernanke on Tuesday implied the central bank will maintain its stimulus in the near-term, boosting raw materials demand prospects. Gains however remained in check on expectations the National Association of Realtors may report U.S. existing home sales fell in October, […]
Read moreNovember 20, 2013 9:37 am
Gold was steady near a one-week low as investors awaited the release of FOMCs October meeting protocols and weighed Fed Chief Ben Bernankes dovish comments on Tuesday against expectations that consumer inflation slowed in October. Silver was mostly unchanged, while platinum and palladium marked moderate losses. On the Comex division of the New York Mercantile […]
Read moreNovember 20, 2013 8:35 am
West Texas Intermediate rose for a second day on Wednesday and Brent held steady above the $107 mark following comments by Federal Reserve Chairman Ben Bernanke indicating stimulus tapering was unlikely to occur in the short-term, boosting oils demand prospects. The market also drew support after the American Petroleum Institute reported a smaller-than-expected rise in […]
Read moreNovember 19, 2013 3:58 pm
West Texas Intermediate crude remained near the lowest level since the beginning of June after the Organization for Economic Cooperation and Development trimmed its global economic growth forecast for this year and the next, limiting world demand outlook. Market players also awaited the release of a private U.S. inventories report by the American Petroleum Institute […]
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