August 9, 2013 7:52 am
Gold swung between gains and losses but hovered around its previous closing price on Friday after the metal posted its biggest daily advance since two weeks yesterday as the U.S. Department of Labor reported more people had filed for initial unemployment benefits last week. However, the precious metal remained pressured on Friday as market players […]
Read moreAugust 9, 2013 7:10 am
West Texas Intermediate snapped a five-day losing streak, the longest since December, after China released overall positive economic data, which coupled with yesterdays surprisingly upbeat trade figures helped push oil higher. Gains however remained limited on speculation the Federal Reserve might scale back its bond purchasing program as early as next month, which would hurt […]
Read moreAugust 8, 2013 3:00 pm
Natural gas fell to a 5 1/2-month low on Thursday as the EIA reported in its weekly report that the U.S. natural gas stockpiles gained more than analysts expected in the week ending August 2 and surpassed the five-year average amount of gas held in underground storage hubs. On the New York Mercantile Exchange, natural […]
Read moreAugust 8, 2013 1:57 pm
Gold continued to trade on positive territory, remaining fairly unchanged after the U.S. Department of Labor reported that more people filed for initial unemployment payments last week than the preceding one. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 294.60 per troy ounce at 13:53 […]
Read moreAugust 8, 2013 9:09 am
Grain futures advanced on Thursday with wheat rebounding from yesterdays decline, while soybeans gained as the recently hit 18-month low spurred demand prior to USDAs crop production report on August 12. Corn gained as well. On the Chicago Board of Trade, soybeans for September delivery traded at $12.0988 a bushel at 9:03 GMT, up 0.91% […]
Read moreAugust 8, 2013 8:31 am
Copper hit a two-month high on Thursday following unexpectedly upbeat trade data in China, which fueled optimism over stabilizing economic activity in the worlds top consumer of the red metal. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.251 a pound at 8:30 GMT, up 2.46% […]
Read moreAugust 8, 2013 8:08 am
Gold rose for a second day on Thursday ahead of U.S. unemployment data which is expected to show an increase in the number of people who filed for initial unemployment payments in the week ending August 3. Gains however remained limited amid comments from Fed presidents who recently said that the central bank may taper […]
Read moreAugust 8, 2013 7:07 am
Oil prices rose for the first time in five days as positive Chinese trade data surpassed analysts expectations, fueling optimism about improvement in the Chinese economic activity. On the New York Mercantile Exchange, WTI crude for September delivery traded at $104.65 a barrel at 7:05 GMT, up 0.26% on the day. Prices ranged between days […]
Read moreAugust 7, 2013 2:49 pm
According to the Energy Information Administrations weekly report, U.S. crude oil inventories fell less than expected in the week ending August 2. Gasoline and distillate fuel gained, confounding analysts expectations. On the New York Mercantile Exchange, WTI crude for September delivery fell to $104.67 per barrel by 14:37 GMT, down 0.60% on the day. Futures […]
Read moreAugust 7, 2013 2:13 pm
Natural gas extended its steep fall and declined for an eleventh straight day as weather forecasting models continued to point at below-normal temperatures for the season, reducing demand for the fuel. On the New York Mercantile Exchange, natural gas for September delivery hit a new days low at $3.254 per million British thermal units at […]
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