August 2, 2013 7:35 am
Gold fell below the $1 300 mark in early European trading as surprisingly positive U.S. data on Thursday spurred speculation that Fed might start tapering its monetary easing program after the next FOMC meeting in September, thus the dollar strengthened. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery […]
Read moreAugust 2, 2013 6:55 am
West Texas Intermediate extended gains on Friday, adding to its best weekly performance since early July, as upbeat manufacturing data from the U.S., Euro zone and China supported global demand prospects. Brent also rose, surpassing the $110 mark for the first time since April. U.S. employment data remains in investors focus. On the New York […]
Read moreAugust 1, 2013 2:54 pm
Natural gas extended its steep fall on Thursday after the Energy Information Administration reported gas inventories rose more than analysts expected last week, indicating weak demand. On the New York Mercantile Exchange, natural gas for September delivery fell to $3.379 per million British thermal units at 14:51 GMT, marking a 1.96% daily decline. Prices held […]
Read moreAugust 1, 2013 2:37 pm
West Texas Intermediate extended gains to over 2.4% on Thursday as more unexpectedly upbeat U.S. data which surpassed analysts expectations boosted demand prospects in the worlds top consumer. Brent continued to circle around the $109 mark while WTI returned to above $107 levels. On the New York Mercantile Exchange, WTI crude for September delivery traded […]
Read moreAugust 1, 2013 11:34 am
Natural gas continued to fall on Thursday, a seventh consecutive day of declines, before the Energy Information Administration releases its weekly natural gas storage report at 14:30 GMT. The government statistics are expected to show a build above the five-year average and the same week a year ago. On the New York Mercantile Exchange, natural […]
Read moreAugust 1, 2013 9:51 am
Grain futures were mixed on Thursday with wheat gaining, while corn and soybeans continued to decline due to ample supply forecasts. On the Chicago Board of Trade, wheat futures for September delivery traded at $6.6588 a bushel at 9:47 GMT, up 0.13% on the day. Prices ranged between days high at $6.6738, the highest since […]
Read moreAugust 1, 2013 8:58 am
Copper rose to the highest level since July 26 as surprisingly positive China manufacturing data defied analysts expectations and boosted the metals demand prospects. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.141 a pound at 8:54 GMT, up 0.71% on the day. Prices ranged between […]
Read moreAugust 1, 2013 8:13 am
Gold gained slightly on Thursday as the FOMC said after its two-day meeting on Tuesday and Wednesday that persistently low inflation could hinder economic expansion and pledged not to taper its monetary easing program. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 317.15 per troy […]
Read moreAugust 1, 2013 7:05 am
Oil prices extended Wednesdays advance on Thursday as upbeat U.S. and China economic data offset EIAs bearish inventories report. Both benchmarks are back on track posting their best monthly performance since August 2012 and Brent drew further support amid concern over supply disruptions in the Middle East and North Africa. On the New York Mercantile […]
Read moreJuly 31, 2013 2:56 pm
The Energy Information Administration said in its oil reserves report that U.S. crude stockpiles rebutted analysts predictions for a fifth consecutive weekly drop and instead increased. Gasoline stockpiles gained, while distillate fuel reserves declined. Negative reserves data however was offset by previously released upbeat U.S. data, which boosted demand prospects. On the New York Mercantile […]
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