October 17, 2013 9:00 am
Gold surged back to positive territory on Thursday after the Chinese rating agency Dagong cut its U.S. credit rating from A to A- and maintained a negative outlook. The metal traded lower throughout the day on waning safe haven demand after U.S. lawmakers reached an agreement to reopen the partially shut federal government and extend […]
Read moreOctober 17, 2013 7:02 am
Both West Texas Intermediate and Brent benchmarks eased after rising the most in a week on Wednesday as U.S. lawmakers managed to reach an agreement on extending the nations borrowing authority through February and reopening the federal government. A possible thaw in relations between Iran and Western major powers after a two-day meeting in Geneva […]
Read moreOctober 16, 2013 2:52 pm
West Texas Intermediate erased its weekly losses in early American trading on Wednesday as Senate leaders resumed talks on ending the fiscal impasse. Meanwhile, no deal was struck at a two-day meeting between Iran and six major world powers in Geneva, although arrangements for another round of negotiations later this month indicated that compromises being […]
Read moreOctober 16, 2013 12:31 pm
Natural gas recovered on Wednesday from yesterdays losses on outlook for below-average temperatures in key U.S. consuming areas, causing households to crank up the heating. The fuel fell on Tuesday on speculations that the colder weather wont be able to offset rising inventories. On the New York Mercantile Exchange, natural gas futures for settlement in […]
Read moreOctober 16, 2013 9:34 am
Grain futures rose on Wednesday on forecasts for showers in most of the major U.S. growing areas which would impair field work. On the Chicago Board of Trade, soybeans futures for settlement in November rose by 0.44% to $12.7263 per bushel at 9:29 GMT. Prices held in range between days high and low of $12.7375 […]
Read moreOctober 16, 2013 8:43 am
Copper fluctuated on Wednesday and traded mostly lower as the deadline for Republicans and Democrats to extend the nations borrowing authority drew closer. However, broad expectations for a last-minute accord limited losses. Investors also looked ahead at Friday when Chinas National Bureau of Statistics is expected to report that the Asian economy expanded at a […]
Read moreOctober 16, 2013 8:02 am
Gold rose for a third day on Wednesday as the deadline loomed for U.S. lawmakers to reach an agreement on reopening the partially shut federal government and extending the countrys borrowing authority. Broad expectations however that a deal will eventually be struck without breaching the deadline on Thursday limited safe haven demand. Silver, platinum and […]
Read moreOctober 16, 2013 7:00 am
West Texas Intermediate swung between gains and losses on Wednesday, hovering over yesterdays 3 1/2 month-low with the deadline for extending the U.S. debt ceiling drawing closer despite signs for progress in negotiations. Iran reassuring Western nations that its prepared to take confidence-building measures on a two-day Geneva meeting also pressured prices. A private report […]
Read moreOctober 15, 2013 11:57 am
Grain futures fell on Tuesday with corn and soybeans marking minor daily changes, while wheat posted a moderate decline amid favorable weather conditions in the Southern Plains and Ukraine. On the Chicago Board of Trade, soybeans futures for delivery in November traded at $12.6938 per bushel at 11:55 GMT, down 0.22% on the day. Prices […]
Read moreOctober 15, 2013 10:01 am
Copper swung between gains and losses on Tuesday amid the ongoing fiscal impasse in the U.S. but progress in negotiations on Monday spurred hope that the October 17 deadline wont be hit. Expectations that data on Friday will show Chinas economy expanded at a faster pace in the third quarter also underpinned the market. On […]
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