August 26, 2013 8:13 am
Gold rose to a fresh 2 1/2-month high on Monday after which it retreated back to negative territory as investors weighed the outlook for Fed paring its monetary easing program following Fridays disappointing new homes sales. Mondays durable goods data fell in focus. Assets in the SPDR Gold Trust marked the biggest daily gain since […]
Read moreAugust 26, 2013 7:36 am
Oil rallied for a third day amid escalating geopolitical unrest in the Middle East following a possible chemical attack by the Syrian regime against civilians. Prices were also supported as Fridays disappointing new homes sales dampened speculations that the Federal Reserve will taper its bond purchasing program in September and thus supported commodities. Also supportive […]
Read moreAugust 23, 2013 2:48 pm
Gold surged to multi-week highs on Friday after disappointing U.S. New Homes Sales spurred speculation that the Federal Reserve might delay the imminent Quantitative Easing tapering, which most of the FOMC policy makers agreed should begin at some point this year. Silver and platinum hit multi-month highs, while palladium remained fairly unchanged. On the Comex […]
Read moreAugust 23, 2013 12:48 pm
Natural gas futures are expected to rise next week amid above-normal temperatures in the Midwest U.S., according to a Bloomberg survey of analysts. On the New York Mercantile Exchange, natural gas for delivery in September fell to $3.523 per million British thermal units at 12:22 GMT, down 0.63% on the day. Prices ranged between days […]
Read moreAugust 23, 2013 9:57 am
Copper surged on Friday and pared weekly losses following upbeat economic data from the U.S. to Europe and China on Thursday and Friday. Speculations that the Federal Reserve will taper its bond purchasing program by the end of the year kept gains limited. On the Comex division of the New York Mercantile Exchange, copper futures […]
Read moreAugust 23, 2013 9:34 am
Grain futures rose on Friday amid concerns that dry weather in the Midwest U.S., the largest producing region, may hurt crop yields. On the Chicago Board of Trade, corn futures for delivery in September jumped to $4.9163 per bushel at 9:33 GMT, up 0.70% on the day. Prices ranged between days high and low of […]
Read moreAugust 23, 2013 8:05 am
Gold was little changed on Friday as investors weighed the prospects of Fed tapering its $85 billion bond purchasing program within the end of the year against increased physical demand, spurred by low prices. Silver, platinum and palladium marked minor daily gains. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreAugust 23, 2013 7:12 am
Oil prices remained fairly unchanged in early European trading on Friday after West Texas Intermediate snapped three days of declines on Thursday on strong China and Euro zone manufacturing data. U.S. jobless claims rose more than expected but averaged the lowest reading since November 2007, boosting demand prospects in the worlds top consumer. On the […]
Read moreAugust 22, 2013 2:59 pm
Natural gas futures surged more than 2.5% on Thursday to 1-month highs as weather forecasting models continued to predict above-normal temperatures in the Midwest and the Energy Information Administration reported that last weeks U.S. natural gas inventories rose less than expected. On the New York Mercantile Exchange, natural gas for delivery in September traded at […]
Read moreAugust 22, 2013 2:15 pm
Gold erased earlier losses on the day and hit session highs following unexpectedly downbeat U.S. unemployment data, which backed some of the policy makers opinions revealed in the FOMC July meeting protocols that the U.S. economy needs to be additionally monitored before tapering the $85 billion bond purchasing program. Silver, platinum and palladium also surged. […]
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