August 14, 2013 3:02 pm
Oil prices extended losses on Wednesday as the Energy Information Administration said in its weekly oil inventories report that refineries operated at the lowest rate since June. This offset news that crude reserves fell more than analysts projected. Gasoline stockpiles also declined and distillate fuel inventories jumped, generally in line with expectations. On the New […]
Read moreAugust 14, 2013 2:29 pm
Gold advanced in late European and early U.S. trading on a weaker dollar as disappointing producer inflation spurred speculation over delaying the imminent deceleration of Feds Quantitative Easing program amid concerns that deflation could harm the fragile U.S. economic recovery. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery […]
Read moreAugust 14, 2013 9:49 am
Grain futures were mixed on Wednesday with wheat and soybeans declining, while corn rebounded from yesterdays three-year low on concern dry weather and frost may damage crops. On the Chicago Board of Trade, corn futures for September delivery traded at $4.5650 per bushel at 9:42 GMT, up 0.11% on the day. Prices held in range […]
Read moreAugust 14, 2013 8:50 am
Copper traded mostly lower during Asian trading but rose to positive territory in the European session as market players weighed the possibility of Fed tapering its bond purchasing program in September against prospects for increased demand amid stabilizing economic activity in its main consumers from U.S. to China. On the Comex division of the New […]
Read moreAugust 14, 2013 8:17 am
Gold swung between gains and losses in a calm trading session on Wednesday as investors weighed an earlier-than-expected deceleration of Feds monetary stimulus against increased physical demand. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in September traded at $1 321.10 per troy ounce at 8:16 GMT, up 0.05% […]
Read moreAugust 14, 2013 7:22 am
Oil prices dipped on Wednesday as the American Petroleum Institute reported a drop in crude oil inventories below 1 million barrels, while gasoline and distillate fuel stockpiles rose. Meanwhile, expectations for a positive reading of the Euro zones preliminary GDP growth in the second quarter, coupled with persisting supply disruptions in Libya and Iraq , […]
Read moreAugust 13, 2013 2:38 pm
Gold erased its previous daily gains and retreated to negative territory as mixed U.S. retail sales data spurred concern over an imminent deceleration of Feds monetary stimulus, thus boosting the greenback. Silver, platinum and palladium trimmed gains. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in December traded at […]
Read moreAugust 13, 2013 12:16 pm
Grain futures extended Mondays gains on Tuesday after the U.S. Department of Agriculture cut its corn and soybeans output and yield-per-acre forecasts, while wheat estimate remained unchanged. On the Chicago Board of Trade, corn futures for delivery in September traded at $4.7350 a bushel at 12:12 GMT, up 0.32% on the day. Prices ranged between […]
Read moreAugust 13, 2013 9:56 am
Copper advanced for a sixth day on Tuesday as upbeat economic data from the Euro zone, the third biggest consumer of the metal, boosted demand prospects. Optimism over the stabilizing economic activity in China and expectations for positive retail sales and industrial production in the U.S. also supported prices. On the Comex division of the […]
Read moreAugust 13, 2013 9:20 am
Gold remained fairly unchanged in a calm trading session on Tuesday as market players await the release of U.S. retail sales figures later in the day. Gains were capped by a stronger dollar and after four day of advances began to threaten demand. Silver and platinum hit two-month highs. On the Comex division of the […]
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