August 13, 2013 2:38 pm
Gold erased its previous daily gains and retreated to negative territory as mixed U.S. retail sales data spurred concern over an imminent deceleration of Feds monetary stimulus, thus boosting the greenback. Silver, platinum and palladium trimmed gains. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in December traded at […]
Read moreAugust 13, 2013 12:16 pm
Grain futures extended Mondays gains on Tuesday after the U.S. Department of Agriculture cut its corn and soybeans output and yield-per-acre forecasts, while wheat estimate remained unchanged. On the Chicago Board of Trade, corn futures for delivery in September traded at $4.7350 a bushel at 12:12 GMT, up 0.32% on the day. Prices ranged between […]
Read moreAugust 13, 2013 9:56 am
Copper advanced for a sixth day on Tuesday as upbeat economic data from the Euro zone, the third biggest consumer of the metal, boosted demand prospects. Optimism over the stabilizing economic activity in China and expectations for positive retail sales and industrial production in the U.S. also supported prices. On the Comex division of the […]
Read moreAugust 13, 2013 9:20 am
Gold remained fairly unchanged in a calm trading session on Tuesday as market players await the release of U.S. retail sales figures later in the day. Gains were capped by a stronger dollar and after four day of advances began to threaten demand. Silver and platinum hit two-month highs. On the Comex division of the […]
Read moreAugust 13, 2013 7:46 am
West Texas Intermediate crude rose for a second day as market analysts expect a sixth weekly drop out of seven to be reported this Wednesday. On Monday, protesters shut back down Libyas two biggest crude oil export terminals, hours after they had reopened, which was followed by the closure of more oilfields as a sign […]
Read moreAugust 13, 2013 6:36 am
Natural gas extended its rally on Tuesday as updated weather forecasting models continued to point at the beginning of a warming trend across the northern and eastern parts of the U.S. through late August. On the New York Mercantile Exchange, natural gas for September delivery surged to $3.324 per million British thermal units at 6:30 […]
Read moreAugust 12, 2013 2:39 pm
West Texas Intermediate erased previous daily gains and traded on the downside as a stronger dollar weighed on dollar-denominated commodities. Meanwhile, slower than expected economic growth in Japan spurred concern over demand prospects in the worlds third biggest consumer. Brent fell as well. On the New York Mercantile Exchange, WTI crude for September delivery fell […]
Read moreAugust 12, 2013 11:39 am
Copper swung between gains and losses on Monday as slower than expected Japan GDP growth spurred concern over demand in the worlds third biggest economy. Meanwhile, last weeks positive data from China laid support on the metal, boosting demand prospects in the worlds top consumer. Quantitative Easings outlook also remained in investors focus. On the […]
Read moreAugust 12, 2013 9:56 am
Grain futures were mixed on Monday ahead of USDAs WASDE and crop progress reports. Corn rebounded from a three-year low but remained on negative territory, while soybeans advanced. Wheat erased partially earlier daily losses after rebounding from a freshly hit 14-month low. On the Chicago Board of Trade, wheat futures for September delivery traded at […]
Read moreAugust 12, 2013 9:04 am
Natural gas rose on Monday after settling Friday at the lowest level since February. Prices advanced as market players returned to the market for a round of bargain buying and some covered short bets. The fuel however trimmed its daily advance as weather forecasting models continued to point at mild temperatures across the lower 48 […]
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