October 29, 2013 8:50 am
Gold fell in the early European session after trading mostly higher but remained near yesterdays five-week high on broad market views the Federal Reserve will refrain from scaling back its monthly bond purchases at FOMCs upcoming two-day meeting. Soft physical demand weighed on prices. Silver, platinum and palladium fell. On the Comex division of the […]
Read moreOctober 29, 2013 7:43 am
Both West Texas Intermediate and Brent benchmarks fell on Tuesday ahead of EIAs weekly report that may show U.S. crude oil inventories rose to the highest since June last week, a sixth consecutive increase. Speculations the Federal Reserve will leave its bond buying program intact until the end of the year and a sharp drop […]
Read moreOctober 28, 2013 3:46 pm
Brent led the rebound in oil prices from last weeks decline after the Federal Reserve reported that U.S. industrial production rose in September at the fastest pace since February, while output in Libya fell to the lowest in six weeks after operations at its western port of Zawia were halted. On the New York Mercantile […]
Read moreOctober 28, 2013 2:58 pm
Gold swung between gains and losses on Monday and rose to the highest since September 19 in late European trading after U.S. pending home sales fell last month the most since May 2010, reinforcing speculations the Federal Reserve will refrain from trimming its quantitative easing program this year. Silver and palladium remained on negative territory, […]
Read moreOctober 28, 2013 11:16 am
Grain futures were mixed on Monday with corn slightly advancing, while soybeans and wheat posted a moderate decline as mostly favorable conditions in the U.S. and South America supported the crop outlook. On the Chicago Board of Trade, soybeans futures for settlement in January fell by 0.25% to $12.9013 per bushel by 11:10 GMT. Prices […]
Read moreOctober 28, 2013 10:09 am
Copper swung between gains and losses on Monday before the release of data that might show industrial production in the U.S. rose in October at the same pace from a month earlier. Recent downbeat U.S. data and concerns over credit tightening in China weighed on prices. Broad expectations that the Federal Reserve will refrain from […]
Read moreOctober 28, 2013 9:23 am
Gold traded lower on Monday but remained near Fridays one-month high amid broad expectations that FOMCs two-day meeting which begins tomorrow will conclude with no change in Feds policy following the recent downbeat employment data. Silver and palladium posted moderate retreats, while platinum was little changed. On the Comex division of the New York Mercantile […]
Read moreOctober 28, 2013 8:37 am
West Texas Intermediate slightly retreated in early European trading on Monday as market players weighed the release of key U.S. economic data against speculations of the outcome of two-day talks between Iran and Western major powers over the Islamic republics nuclear program. On the New York Mercantile Exchange, WTI crude for delivery in December slipped […]
Read moreOctober 27, 2013 9:37 am
Gold rose on Friday and marked a second consecutive weekly advance amid broad expectations that the Federal Reserve will refrain from scaling back its bond purchasing program until 2014. Gold bulls continued to dominate as most analysts surveyed by Bloomberg expect prices to extend gains into next week. Silver, platinum and palladium tracked golds upward […]
Read moreOctober 26, 2013 1:16 pm
West Texas Intermediate crude rose for a second day on Friday amid better than expected U.S. durable goods orders in September but settled the week nearly 3% lower, a sixth decline in seven, as disappointing manufacturing expansion in the U.S. and Europe and ample inventories fanned negative sentiment. Brent advanced on Friday but fell for […]
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