August 26, 2013 2:51 pm
Gold swung between gains and losses but remained fairly unchanged and continued to trade close below the $1 400 mark following another batch of negative U.S. data, which further dampened speculations that the Federal Reserve will begin decelerating its monetary stimulus in September. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreAugust 26, 2013 2:05 pm
Natural gas rebounded from Fridays biggest drop in two weeks and traded higher throughout the day as weather forecasters predicted above-average temperatures across key consuming areas, thus boosting demand prospects for the power plant fuel. On the New York Mercantile Exchange, natural gas for delivery in October traded at $3.528 per million British thermal units […]
Read moreAugust 26, 2013 9:47 am
Copper rose for a third straight day on Monday as investors weighed the possibility for Fed tapering its Quantitative Easing program in September following Fridays disappointing new homes sales. Market playerss focus shifted to the U.S. Durable Goods Sales due later today to gauge the U.S. economys recovery pace. On the Comex division of the […]
Read moreAugust 26, 2013 9:07 am
Grain futures rose on Monday with soybeans and corn surging more than 3.5%, while wheat advanced nearly 2% as weather forecasters continued to predict dry weather that threatened yield prospects in the U.S. On the Chicago Board of Trade, soybeans for delivery in November rose by 3.97% to $13.8138 per bushel at 9:05 GMT. Futures […]
Read moreAugust 26, 2013 8:13 am
Gold rose to a fresh 2 1/2-month high on Monday after which it retreated back to negative territory as investors weighed the outlook for Fed paring its monetary easing program following Fridays disappointing new homes sales. Mondays durable goods data fell in focus. Assets in the SPDR Gold Trust marked the biggest daily gain since […]
Read moreAugust 26, 2013 7:36 am
Oil rallied for a third day amid escalating geopolitical unrest in the Middle East following a possible chemical attack by the Syrian regime against civilians. Prices were also supported as Fridays disappointing new homes sales dampened speculations that the Federal Reserve will taper its bond purchasing program in September and thus supported commodities. Also supportive […]
Read moreAugust 23, 2013 2:48 pm
Gold surged to multi-week highs on Friday after disappointing U.S. New Homes Sales spurred speculation that the Federal Reserve might delay the imminent Quantitative Easing tapering, which most of the FOMC policy makers agreed should begin at some point this year. Silver and platinum hit multi-month highs, while palladium remained fairly unchanged. On the Comex […]
Read moreAugust 23, 2013 12:48 pm
Natural gas futures are expected to rise next week amid above-normal temperatures in the Midwest U.S., according to a Bloomberg survey of analysts. On the New York Mercantile Exchange, natural gas for delivery in September fell to $3.523 per million British thermal units at 12:22 GMT, down 0.63% on the day. Prices ranged between days […]
Read moreAugust 23, 2013 9:57 am
Copper surged on Friday and pared weekly losses following upbeat economic data from the U.S. to Europe and China on Thursday and Friday. Speculations that the Federal Reserve will taper its bond purchasing program by the end of the year kept gains limited. On the Comex division of the New York Mercantile Exchange, copper futures […]
Read moreAugust 23, 2013 9:34 am
Grain futures rose on Friday amid concerns that dry weather in the Midwest U.S., the largest producing region, may hurt crop yields. On the Chicago Board of Trade, corn futures for delivery in September jumped to $4.9163 per bushel at 9:33 GMT, up 0.70% on the day. Prices ranged between days high and low of […]
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