November 17, 2013 11:34 am
Gold rose for a third day on Friday and capped two weeks of declines as a string of downbeat U.S. data backed Fed Vice Chairwoman Janet Yellens intentions to maintain the current pace of Feds monthly bond purchases, curbing speculations for an earlier-than-expected stimulus tapering. A weaker U.S. dollar allowed commodities denominated in the greenback […]
Read moreNovember 16, 2013 12:17 pm
West Texas Intermediate crude settled lower on Friday and capped a sixth consecutive weekly decline, the longest losing streak since 1998, as U.S. inventories rose for an eight straight week after output surged to the highest since January 1989. Speculations the Federal Reserve will refrain from paring its monthly bond purchases for some time following […]
Read moreNovember 15, 2013 2:32 pm
Gold rose back to positive daily territory and pared its weekly decline after data showed manufacturing activity in the New York region fell to the lowest since January, while import prices declined more than analysts projected. Industrial production contracted by the most since April. The downbeat data backed comments by Fed Vice Chairwoman Janet Yellen […]
Read moreNovember 15, 2013 1:10 pm
Natural gas swung between gains and losses on Friday on expectations for moderating temperatures in the short-term, followed by the return of colder-than-usual weather in key U.S. consuming areas early next week, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in December traded at $3.603 per million […]
Read moreNovember 15, 2013 12:29 pm
Copper futures fell on Friday after another batch of downbeat economic data from the Euro zone dimmed the metals demand prospects in the single currency bloc. Losses were however limited following Fed Vice Chairwoman Janet Yellen’s comments for maintaining the central banks current pace of monthly bond purchases. On the Comex division of the New […]
Read moreNovember 15, 2013 11:04 am
Grain futures were mixed on Friday with corn and wheat marking moderate advances, while soybeans fell on outlook for favorable weather across South Americas major growing areas. Wheat drew support on signs of increased demand for U.S. supplies. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.1063 per bushel […]
Read moreNovember 15, 2013 9:51 am
Gold swung between gains and losses on Friday but remained near one-week high levels as investors weighed Fed Vice Chairwoman Janet Yellens comments for maintaining the current pace of monthly bond purchases against soft physical demand. Silver and palladium fell, while platinum was little changed. On the Comex division of the New York Mercantile Exchange, […]
Read moreNovember 15, 2013 8:57 am
West Texas Intermediate crude trimmed its weekly decline and Brent is set for its best week since July after Fed Vice Chairwoman Janet Yellen defended Feds current bond purchasing pace at a Senate hearing on Thursday, curbing speculations for an earlier-than-projected stimulus tapering. Gains were limited after the EIA reported U.S. crude oil inventories rose […]
Read moreNovember 14, 2013 4:00 pm
Natural gas trimmed its weekly decline on Thursday after the Energy Information Administration reported U.S. gas inventories rose less than expected last week, indicating robust demand prior to the peak of the winter heating season. Outlook for colder-than-usual weather in key U.S. consuming areas in the second half of November continued to support the market. […]
Read moreNovember 14, 2013 2:32 pm
Gold retained gains in late European trading after the U.S. Department of Labor reported that more Americans than projected filed for initial unemployment benefits last week. Applications fell but an upward revision to the preceding periods reading suggested the strictly watched by the Fed U.S. labor market recovery remained moderate. A separate report showing the […]
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