August 23, 2013 8:05 am
Gold was little changed on Friday as investors weighed the prospects of Fed tapering its $85 billion bond purchasing program within the end of the year against increased physical demand, spurred by low prices. Silver, platinum and palladium marked minor daily gains. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreAugust 23, 2013 7:12 am
Oil prices remained fairly unchanged in early European trading on Friday after West Texas Intermediate snapped three days of declines on Thursday on strong China and Euro zone manufacturing data. U.S. jobless claims rose more than expected but averaged the lowest reading since November 2007, boosting demand prospects in the worlds top consumer. On the […]
Read moreAugust 22, 2013 2:59 pm
Natural gas futures surged more than 2.5% on Thursday to 1-month highs as weather forecasting models continued to predict above-normal temperatures in the Midwest and the Energy Information Administration reported that last weeks U.S. natural gas inventories rose less than expected. On the New York Mercantile Exchange, natural gas for delivery in September traded at […]
Read moreAugust 22, 2013 2:15 pm
Gold erased earlier losses on the day and hit session highs following unexpectedly downbeat U.S. unemployment data, which backed some of the policy makers opinions revealed in the FOMC July meeting protocols that the U.S. economy needs to be additionally monitored before tapering the $85 billion bond purchasing program. Silver, platinum and palladium also surged. […]
Read moreAugust 22, 2013 11:49 am
Grain futures edged lower on Thursday amid expectations for high yields. Market players continued to observe U.S. crop conditions and weather forecasts. On the Chicago Board of Trade, corn futures for delivery in September traded at $4.9313 per bushel at 11:46 GMT, down 0.86% on the day. Prices held in range between days high and […]
Read moreAugust 22, 2013 9:12 am
Natural gas futures rose for a third day in four as weather forecasts continued to point at above-average temperatures across the U.S. Midwest, boosting demand for the power plant fuel. On the New York Mercantile Exchange, natural gas for September delivery rose by 0.56% to $3.480 per million British thermal units at 9:11 GMT. Prices […]
Read moreAugust 22, 2013 8:35 am
Copper rose on Thursday as the Chinese manufacturing sectors activity expanded at the fastest pace in four months, suggesting economic stabilization is taking place and boosting demand prospects for raw materials. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in September traded at $3.365 a pound at 8:34 GMT, […]
Read moreAugust 22, 2013 8:03 am
Gold fell on Thursday following yesterdays release of Fed minutes which revealed support among Fed members for tapering the central bank’s Quantitative Easing program through the end of the year. An unexpected increase in Chinas manufacturing sector supported the precious metal, suggesting stabilizing economic activity which boosted physical demand prospects. On the Comex division of […]
Read moreAugust 22, 2013 7:13 am
Oil edged lower on Thursday following FOMCs July meeting protocols which revealed support among Fed members for tapering the central banks Quantitative Easing program through the end of the year. Also weighing on prices, supply concern which was spurred by protests in Libya closing export terminals began to wane. Prices were supported however as activity […]
Read moreAugust 21, 2013 3:05 pm
Oil continued to trade lower on Wednesday despite a bullish EIA crude oil inventories report as market players continued to focus FOMCs July meeting protocols. Crude inventories fell and gasoline stockpiles decreased above expectations, while distillate fuel reserves gained. On the New York Mercantile Exchange, WTI crude for October delivery traded at $104.61 per barrel […]
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