December 13, 2013 9:59 am
Gold traded mostly unchanged on speculations demand will pick up after the metal registered yesterday the largest daily loss in four weeks. Strong US retail data raised concerns that the Fed might trim its asset purchasing program as early as next week. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced by […]
Read moreDecember 13, 2013 8:31 am
West Texas Intermediate crude is headed to a weekly loss and its European counterpart is set to record the biggest weekly decline since October amid speculations the Federal Reserve might trim its quantitative easing program next week, prompted by a recent series of upbeat economic data. Rising refined product inventories in the worlds top consumer, […]
Read moreDecember 12, 2013 4:10 pm
Natural gas kept most of its gains but eased off a recently hit 7-1/2-month high following EIAs report that showed US inventories fell below expectations last week. The energy source however remained supported as long-term weather forecasts continued to call for freezing cold temperatures across most of the densely-populated US areas. On the New York […]
Read moreDecember 12, 2013 3:45 pm
Grain futures declined on Thursday, with corn retreating amid growing speculations that China, the second biggest importer, could probably reject more U.S. cargoes containing an unauthorized, genetically modified substance. On the Chicago Board of Trade, corn for March delivery declined 0.96 percent to $4.3438 a bushel by 15:25 GMT. Futures held in a range between […]
Read moreDecember 12, 2013 12:56 pm
Natural gas rose to the highest since May 1st ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. Long-term weather forecasts continued to call for freezing cold temperatures across most of the densely -populated US areas. On the New York Mercantile Exchange, natural gas for delivery in January […]
Read moreDecember 12, 2013 9:39 am
Gold fell on Thursday on increased bets for a reduction in Feds assets purchases after US lawmakers reached a compromise on a two-year budget accord that would lift the fiscal uncertainty. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced to reach the lowest since January 2009 , adding to bearish sentiment. […]
Read moreDecember 12, 2013 8:21 am
West Texas Intermediate crude remained pressured on Thursday after falling the most in two weeks as a report by the EIA showed both motor gasoline and distillate fuel stockpiles rose much more than expected in the seven days to December 6, implying weak demand in the worlds top consumer. A larger-than-projected withdrawal in US crude […]
Read moreDecember 11, 2013 4:13 pm
Grain futures were mixed on Wednesday with wheat declining, while corn and soybeans advanced despite increased US forecasts for global production. On the Chicago Board of Trade, corn for March delivery surged by 0.41 percent to $4.3838 a bushel by 15:59 GMT. Futures held in range between day’s high and low of $4.3862 and $4.3438 […]
Read moreDecember 11, 2013 4:06 pm
West Texas Intermediate crude shed some losses but continued to trade lower after a second straight weekly decline in US crude inventories was offset by a much-larger-than-expected rise in both motor gasoline and distillate fuel stockpiles in the seven days to December 6. Further weighing on the market, supplies at Cushing, Oklahoma, jumped to the […]
Read moreDecember 11, 2013 1:14 pm
Natural gas retreated after hitting a 6-1/2-month high yesterday as investors awaited the release of the EIAs weekly inventories report due on Thursday. Weather forecasts continued to call for below-average temperatures and heavy snows across much of US. On the New York Mercantile Exchange, natural gas for delivery in January declined by 0.94% to $4.197 […]
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