October 24, 2013 8:02 am
Gold advanced after falling the most in a week on Wednesday on speculations that the Federal Reserve will refrain from scaling back its bond purchases until some point in 2014, most likely in March. Softening physical demand from China and expectations that the U.S. Labor Department will report initial jobless claims fell last week limited […]
Read moreOctober 24, 2013 6:52 am
Both West Texas Intermediate and Brent benchmarks rebounded on Thursday after a preliminary report gauging the expansion of Chinas manufacturing sector topped analysts expectations, indicating the Asian economy is stabilizing as the government attempts to shift growth to consumer-driven. A fifth consecutive rise in U.S. crude oil inventories and record high stockpiles in China however […]
Read moreOctober 23, 2013 2:59 pm
West Texas Intermediate crude fell to the lowest since June on Wednesday after the Energy Information Administration reported that U.S. crude oil inventories rose for a fifth consecutive time last week, indicating easing demand in the worlds top consumer. Rising crude supplies in second biggest consumer China also fanned negative sentiment. On the New York […]
Read moreOctober 23, 2013 2:11 pm
Natural gas snapped two days of losses on Wednesday on forecasts for below-normal temperatures in key U.S. consuming areas, boosting the power-plant fuels demand prospects. Bearish supply data however limited gains. On the New York Mercantile Exchange, natural gas for delivery in November surged 1.24% to $3.626 per million British thermal units at 14:10 GMT. […]
Read moreOctober 23, 2013 9:45 am
Grain futures rose on Wednesday with soybeans slightly advancing, while corn and wheat posted moderate gains on mostly unfavorable weather conditions in the U.S. and South America. Rising U.S. exports also supported prices. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.21% to $13.0488 per bushel at 9:42 GMT. […]
Read moreOctober 23, 2013 8:46 am
Copper prices fell from yesterdays one-month high after the U.S. Labor Department reported that the U.S. economy added less jobs in September and as Chinas benchmark money-market rate rose the most since July, raising concern over the metals demand prospects in its two largest consumers. On the Comex division of the New York Mercantile Exchange, […]
Read moreOctober 23, 2013 7:57 am
Gold fluctuated near three-week high on Wednesday as investors weighed speculations that the Federal Reserve will defer paring its monetary easing program until 2014 against softening physical demand from China. Silver, platinum and palladium also fell. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in December fell by 0.48% […]
Read moreOctober 23, 2013 6:55 am
West Texas Intermediate crude extended losses on Wednesday and fell to the lowest since July 1 after the American Petroleum Institute reported on Tuesday that U.S. crude oil supplies rose last week, a fifth consecutive gain, and on expectations that the Energy Information Administration will confirm the build on Wednesday. Disappointing employment data released on […]
Read moreOctober 22, 2013 2:53 pm
Natural gas futures fell more than 1% on Tuesday after the Energy Information Administration reported that U.S. natural gas stockpiles rose above the average in the week ended October 11, indicating softening demand for the power-station fuel. On the New York Mercantile Exchange, natural gas futures for settlement in November traded at $3.642 per million […]
Read moreOctober 22, 2013 1:26 pm
Gold rose to the highest since the beginning of October after the U.S. Labor Department reported that U.S. non-farm payrolls rose at the slowest rate in four years in September, reinforcing broad expectations that the Federal Reserve will refrain from trimming its bond purchasing program this year. The U.S. dollar fell to an 8-1/2 month […]
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