October 20, 2013 5:58 am
Gold fell on Friday but settled the week 3.5% higher after the U.S. dollar plunged to an 8-1/2 month low on broad expectations that the 16-day federal government shutdown has caused enough damage to the economy to refrain the Federal Reserve from tapering its quantitative easing program this year. Silver, platinum and palladium also closed […]
Read moreOctober 19, 2013 10:40 am
Both West Texas Intermediate and Brent benchmarks rose on Friday but settled the week lower after upbeat economic data from China couldnt offset the negative sentiment fanned by U.S. lawmakers temporary decision to extend the nations borrowing authority through next February. The lack of any permanent solution to the divides between Democrats and Republicans was […]
Read moreOctober 18, 2013 12:14 pm
Natural gas futures fell for a fourth straight day on Friday on speculations that ample U.S. supply will be sufficient to meet winter demand when nearly 50% of American households use the fuel for heating. Lack of hurricane activity in the Atlantic OCean also pressured prices. On the New York Mercantile Exchange, natural gas futures […]
Read moreOctober 18, 2013 10:18 am
Grain futures continued to advance on Friday on forecasts for unfavorable weather over growing areas in the U.S., South America and Europe. Soybeans slightly gained, while corn and wheat posted a moderate advance. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.30% to a new session high of $12.9788 […]
Read moreOctober 18, 2013 8:55 am
Copper advanced on Friday and is headed for the first weekly advance in three after the Chinese National Bureau of Statistics reported that the Asian nations economy expanded at a faster pace in the third quarter from the previous three months, boosting the metals demand prospects. On the Comex division of the New York Mercantile […]
Read moreOctober 18, 2013 8:02 am
Gold remained firm above the $1 300 mark on Friday and is on track to post its best weekly performance since August as the U.S. dollar hovered over an 8-1/2 month low on speculations that the Federal Reserve will refrain from scaling back its Quantitative Easing program until 2014. Silver was little changed, while platinum […]
Read moreOctober 18, 2013 7:08 am
Both West Texas Intermediate and Brent benchmarks rebounded on Friday after plunging more than 1% on Thursday as upbeat economic data from China fanned positive sentiment for oils demand prospects in the worlds second biggest consumer. However, gains were capped amid uncertainty ahead of a backlog of U.S. data delayed by the 16-day government shutdown. […]
Read moreOctober 17, 2013 2:59 pm
Copper retreated on Thursday despite a last-minute deal on raising the U.S. borrowing authority on concern over the damage dealt to the economy and ahead of a backlog of key U.S. economic indicators. Expectations for waning Chinese demand during the winter further pressured the market. On the Comex division of the New York Mercantile Exchange, […]
Read moreOctober 17, 2013 1:10 pm
Gold continued to advance in late European trading on Thursday after the U.S. Labor Department reported that the number of people who filed for initial unemployment benefits during the week ended October 12 fell less than expected. California continued to work through a backlog and the number included non-federal workers who were laid off during […]
Read moreOctober 17, 2013 12:05 pm
Grain futures rose on Thursday with soybeans slightly gaining, while wheat and corn posted a moderate advance as rains and lower temperatures across the U.S. and South America growing regions are expected to extend delays in field work. On the Chicago Board of Trade, soybeans futures for settlement in November rose by 0.21% to $12.7963 […]
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