July 31, 2013 2:23 pm
Natural gas traded on the upside for the first time in six days as market players were lured back to the market to seek cheap valuations. Gains remained limited as weather forecasters kept on pointing at mild temperatures across key consuming areas. On the New York Mercantile Exchange, natural gas for September delivery traded at […]
Read moreJuly 31, 2013 2:06 pm
Gold erased earlier gains throughout the day and slipped back to negative territory following upbeat U.S. data that outperformed analysts expectations. The U.S. economy grew much faster in the second quarter than last years downward revised pace, which shot the dollar up and pressured dollar-denominated commodities. On the Comex division of the New York Mercantile […]
Read moreJuly 31, 2013 12:54 pm
Soft futures were mixed on Wednesday with cocoa, cotton and coffee declining, while sugar advanced. On the ICE Futures U.S. Exchange, raw sugar for October delivery surged to $0.1696 a pound at 12:28 GMT, up 0.12% on the day. Futures ranged between days high and low of $0.1698 and $1686. Meanwhile on the NYSE Liffe […]
Read moreJuly 31, 2013 12:01 pm
Grain futures were mixed on Wednesday with corn declining and soybeans hitting a 16-month low, while wheat gained for a fourth straight day as lower prices fueled a demand increase. On the Chicago Board of Trade, wheat futures for September delivery traded at $6.5700 a bushel at 11:50 GMT, up 0.24% on the day. Futures […]
Read moreJuly 31, 2013 10:48 am
Silver tracked golds upward direction on Wednesday. The metal gained more than 1% as market players awaited Feds meeting statement later today to assess whether the central bank will taper its monetary easing program in the upcoming months or that will be postponed. On the Comex division of the New York Mercantile Exchange, silver futures […]
Read moreJuly 31, 2013 9:00 am
Copper rebounded from Tuesdays three-week low on Wednesday and surged more than 1% on speculation the Chinese government is determined to stabilize growth in the second half of the year, thus boosting demand for raw materials. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.081 a […]
Read moreJuly 31, 2013 8:25 am
Gold advanced on Wednesday ahead of the outcome of FOMCs two-day meeting, which should provide information whether the central bank will begin tapering its monetary easing program in the upcoming months or deceleration will be delayed. Gold also rose as the dollar was pressured by data and expectations for a slower U.S. economic growth in […]
Read moreJuly 31, 2013 7:22 am
West Texas Intermediate traded steady above a three-week low on Wednesday as market players remained cautious ahead of the outcome of FOMCs two-day meeting. The Fed will release its post-meeting statement at 18:00 GMT. Investors are also keeping a close eye on the Energy Information Administrations weekly crude oil inventories, which is poised to show […]
Read moreJuly 30, 2013 2:17 pm
West Texas Intermediate fell to its lowest level in three weeks on speculation for faltering demand in the worlds top consumer. The Commerce Department will release a report at 12:30 GMT tomorrow that is likely to show the U.S. economy expanded with a much slower pace in the second quarter, compared to the preceding three […]
Read moreJuly 30, 2013 1:49 pm
Natural gas continued its fall on Tuesday as weather forecasts kept pointing at cooler weather across key U.S. consuming areas, limiting demand for the fuel which is used for electricity generation. On the New York Mercantile Exchange, natural gas for September delivery traded at $3.468 per million British thermal unit, down 0.13% on the day. […]
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