October 15, 2013 10:01 am
Copper swung between gains and losses on Tuesday amid the ongoing fiscal impasse in the U.S. but progress in negotiations on Monday spurred hope that the October 17 deadline wont be hit. Expectations that data on Friday will show Chinas economy expanded at a faster pace in the third quarter also underpinned the market. On […]
Read moreOctober 15, 2013 9:22 am
Natural gas rose on Tuesday and traded near Mondays 4-month high as weather forecasting models continued to show below-average temperatures in key U.S. consuming areas, boosting demand for the power-station fuel. On the New York Mercantile Exchange, natural gas futures for November settlement rose for a fourth day and traded at $3.846 per million British […]
Read moreOctober 15, 2013 8:14 am
Gold extended its fall on Tuesday and fell to the lowest since July after U.S. lawmakers said on Monday they made progress toward reaching an accord over raising the nations borrowing capacity before the October 17 deadline. Silver fell for a sixth day to a two-week low, followed by platinum and palladium. On the Comex […]
Read moreOctober 15, 2013 7:17 am
Both West Texas Intermediate and Brent benchmarks swung between gains and losses on Tuesday on speculations that talks between Iranian diplomats and their Western nation counterparts on a two-day meeting in Geneva starting today will ease sanctions curbing Irans oil exports. Progress in discussions between Republicans and Democrats over raising the U.S. borrowing capacity fanned […]
Read moreOctober 14, 2013 12:21 pm
Grain futures were mixed on Monday with soybeans advancing, while corn and wheat fell. Rain forecasts in the Midwest were expected to delay harvests, while improving weather conditions in the Black Sea region boosted wheat crop prospects in Russia and Ukraine. On the Chicago Board of Trade, soybeans futures for settlement in November rose by […]
Read moreOctober 14, 2013 9:33 am
Natural gas surged to the highest since June as weather forecasters predicted colder than average weather in key U.S. consuming areas, boosting demand prospects for the power-station fuel. On the New York Mercantile Exchange, natural gas futures for November settlement rose by 1.54% to $3.834 per million British thermal units at 9:46 GMT. Prices held […]
Read moreOctober 14, 2013 8:48 am
Copper advanced in early European trading on Monday after Chinas National Bureau of Statistics reported that the Asian countrys consumer inflation advanced in September above analysts expectations, while producer inflation declined less than expected. The positive numbers offset downbeat trade data over the weekend and the continuing fiscal deadlock in the U.S. On the Comex […]
Read moreOctober 14, 2013 8:15 am
Gold rose on Monday and recovered from Fridays three-month low as the U.S. dollar retreated after lawmakers failed to reach an agreement over the weekend to extend the nations borrowing capacity and reopen the federal government. Silver, platinum and palladium posted moderate gains. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreOctober 14, 2013 7:00 am
West Texas Intermediate recovered from losses during Asian trading but remained little changed after lawmakers failed to reach an agreement to raise the nations debt limit and reopen the federal government over the weekend. Deteriorating consumer confidence in the U.S. and worse than expected Chinese trade data further weighed on prices. On the New York […]
Read moreOctober 13, 2013 1:04 pm
Gold fell for a fourth day in five on Friday and settled the week almost 3% lower amid broad expectations that U.S. lawmakers were getting closer to an agreement over reopening the partially shut federal government and raising the nations debt limit. Republicans and Democrats were discussing a short-term solution of the debt ceiling deadlock, […]
Read more