June 19, 2013 7:30 am
Gold remained fairly unchanged in the early European session on Wednesday, trading near its three week low ahead of Ben Bernankes statement that will be held later today. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery gained 0.15% on the day. The precious metal traded at $1 368.95 […]
Read moreJune 19, 2013 6:45 am
Oil prices rose on Wednesday supported by the ongoing tension in the Middle East and the American Petroleum Institutes report, which showed oil reserves in the U.S. dropped last week. On the New York Mercantile Exchange, WTI crude for August delivery traded 0.19% higher on the day at $98.86 a barrel at 6:38 GMT. Light, […]
Read moreJune 18, 2013 2:37 pm
Gold dropped to a one-week low on Tuesday as mixed U.S. data spurred further speculation of a possible Quantitative Easing scale back after tomorrows Fed meeting or some of the next ones. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery dropped 1.31% on the day, standing at $1 […]
Read moreJune 18, 2013 1:53 pm
Oil rebounded on Tuesday and erased earlier losses after U.S. economic indicators generally met expectations and supported prices on increased demand speculations. WTI rose back above $98 a barrel and Brent surpassed the $106 mark. On the New York Mercantile Exchange, WTI crude futures for August delivery rose to $98.39 a barrel at 13:44 GMT, […]
Read moreJune 18, 2013 1:11 pm
Soft futures were mixed on Tuesday with sugar, cotton and cocoa marking losses and arabica coffee gaining. Robusta coffee continued its decline as rains in Vietnams main growing area kept improving the crop outlook. The Asian country is the worlds biggest producer and exporter of the robusta sort. On the ICE Futures U.S. exchange, arabica […]
Read moreJune 18, 2013 10:21 am
Grain futures gained on Tuesday following the U.S. Department of Agricultures weekly crop progress report, published on Monday. Wheat gained for the first time in three days as rains delayed harvesting, which fell far behind last years pace. Corn emerged slower than last year and planted soybean crop was also less. On the Chicago Mercantile […]
Read moreJune 18, 2013 9:01 am
Copper dropped for a second day in a row as speculations arose Fed might scale back its Quantitative Easing program after the upcoming Federal Open Market Committee meeting. Demand outlook for the industrial metal is also looking grim as China, the worlds biggest consumer, is expected to have slowed down its economic growth. On the […]
Read moreJune 18, 2013 8:26 am
Natural gas gained for a second consecutive day as weather forecasting models indicated on Sunday above-normal temperatures throughout the next ten days. Gas prices tend to rise during the summer season as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is used for a quarter of the U.S. electricity […]
Read moreJune 18, 2013 8:02 am
Gold fell for a second day on Tuesday on speculation that Feds Quantitative Easing program might be scaled back after the upcoming FOMC meeting. Ben Bernankes statement is in investors focus to shed some light into the central banks future monetary policy direction. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreJune 18, 2013 7:27 am
Oil marked losses in the early European session on Tuesday. Investors remain cautious ahead of Ben Bernankes statement on Wednesday regarding the future direction of Feds Quantitative Easing. Geopolitical unrest in Syria is still spurring concern of spreading into neighbor oil producing countries, while election results in Iran limited oil prices as Hasan Rowhani is […]
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