December 11, 2013 9:45 am
Gold fell on Wednesday, after yesterday it registered the largest daily advance in seven weeks as investors weighed Feds tapering prospects. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009 for a third day, adding to bearish sentiment. Increased Chinese physical demand relieved some pressure on the […]
Read moreDecember 11, 2013 8:27 am
West Texas Intermediate held near the highest in 7 weeks after an industry report showed yesterday that crude stockpiles in the US fell more than expected last week, indicating a pick up in demand. The oil market gained further support as two new pipelines are expected to relieve a supply glut at Cushing, Oklahoma, the […]
Read moreDecember 10, 2013 3:56 pm
Grain futures were mixed on Tuesday, with wheat touching the lowest since September 16th, while soybeans advanced. Corn fell as well. Wheat futures for settlement in March traded at $6.4163 per bushel by 15:37 GMT, losing 1.39% on daily basis. Prices jumped to a session high of $6.5212, while day’s low was touched at $6.4112 […]
Read moreDecember 10, 2013 12:33 pm
Natural gas hit a fresh 6-1/2-month high as weather forecasts continued to call for bitter cold temperatures and heavy snows and ice across much of US, increasing demand for natural gas. Thursday’s EIA report for the week ended November 29th showed a record November withdrawal in US gas inventories, which continued to support the market. […]
Read moreDecember 10, 2013 9:16 am
Gold advanced amid speculations for increased Chinese demand and a weaker dollar. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained for a second day at the lowest since January 2009, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in February added […]
Read moreDecember 10, 2013 8:35 am
Both West Texas Intermediate and Brent benchmarks rebounded from Mondays losses supported by expectations a government report tomorrow may show U.S. crude oil inventories fell for a second week in the seven days to December 6, signaling demand in the worlds top consumer is picking up. News that TransCanada Corp. began injecting oil in its […]
Read moreDecember 9, 2013 4:00 pm
Grain futures were mixed on Monday, with wheat losing ground as a record-high output is expected. Meanwhile, corn and soybeans advanced. Wheat futures for settlement in March traded at $6.5013 per bushel by 15:39 GMT, losing 0.2% on daily basis. Prices jumped to a session high of $6.5712, while day’s low was touched at $6.5012 […]
Read moreDecember 9, 2013 10:59 am
Natural gas traded close to Friday’s highs, unseen in more than six months, after weather forecasts continued to call for bitter cold temperatures and heavy snows across much of US, increasing demand for natural gas. Thursdays EIA report for the week ended November 29th showed a record November withdrawal in US gas inventories, which further […]
Read moreDecember 9, 2013 9:33 am
Gold traded little changed amid speculations that better-than-expected US data may prompt the Federal Reserve to taper stimulus, while a weaker dollar limited losses. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced by 3 tons to touch the lowest since January 2009, adding to bearish sentiment. On the Comex division of […]
Read moreDecember 9, 2013 8:23 am
West Texas Intermediate Crude traded near Fridays six week-high and Brent held firmly above the $111 mark after data from Chinas customs administration showed the Asian nations crude imports rebounded in November, while overall exports jumped by the most since April and widened Chinas trade surplus to the highest since January 2009. A separate report […]
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