August 5, 2013 7:53 am
Gold rose during early European trading on Monday as disappointing payroll data on Friday spurred speculation Fed will hold back from tapering its monetary easing program for some time as the labor market remains frail. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 313.85 per […]
Read moreAugust 5, 2013 7:14 am
Both West Texas Intermediate and Brent benchmarks surged in early European trade on Monday as an expanding services sector in China and persisting supply disruptions in North Africa and the Middle East supported prices. Gains however remained limited as the U.S. Department of Labor reported on Friday the worlds biggest economy created less jobs than […]
Read moreAugust 2, 2013 2:33 pm
Natural gas swung between gains and losses on Friday and traded lower during the early U.S. session as weather forecasts kept predicting mild weather up to mid-August. Most of analysts surveyed in a Bloomberg poll expected prices to continue declining next week. On the New York Mercantile Exchange, natural gas for September delivery traded at […]
Read moreAugust 2, 2013 1:56 pm
Oil prices retreated in the late European and early American session as the U.S. Department of Labor reported the U.S. economy has added less jobs in July than forecast. Brent also fell. On the New York Mercantile Exchange, WTI crude for September delivery traded at $106.69 a barrel at 13:54 GMT, down 1.11% on the […]
Read moreAugust 2, 2013 1:03 pm
Gold surged in late European trading and erased earlier daily losses as the long awaited U.S. Non-Farm Payrolls disappointingly climbed less than expected. The precious metal rose back above the $1 300 mark to hit a new days high minutes after the U.S. Department of Labor released the data. On the Comex division of the […]
Read moreAugust 2, 2013 12:06 pm
Grain futures were mixed on Friday with corn extending falling to the lowest since September 2010, while soybeans remained fairly unchanged and wheat gained. On the Chicago Board of Trade, corn futures for September delivery fell to a fresh 35-month low of $4.8363 a bushel at 12:00 GMT, down 0.82% on the day. The grain […]
Read moreAugust 2, 2013 7:35 am
Gold fell below the $1 300 mark in early European trading as surprisingly positive U.S. data on Thursday spurred speculation that Fed might start tapering its monetary easing program after the next FOMC meeting in September, thus the dollar strengthened. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery […]
Read moreAugust 2, 2013 6:55 am
West Texas Intermediate extended gains on Friday, adding to its best weekly performance since early July, as upbeat manufacturing data from the U.S., Euro zone and China supported global demand prospects. Brent also rose, surpassing the $110 mark for the first time since April. U.S. employment data remains in investors focus. On the New York […]
Read moreAugust 1, 2013 2:54 pm
Natural gas extended its steep fall on Thursday after the Energy Information Administration reported gas inventories rose more than analysts expected last week, indicating weak demand. On the New York Mercantile Exchange, natural gas for September delivery fell to $3.379 per million British thermal units at 14:51 GMT, marking a 1.96% daily decline. Prices held […]
Read moreAugust 1, 2013 2:37 pm
West Texas Intermediate extended gains to over 2.4% on Thursday as more unexpectedly upbeat U.S. data which surpassed analysts expectations boosted demand prospects in the worlds top consumer. Brent continued to circle around the $109 mark while WTI returned to above $107 levels. On the New York Mercantile Exchange, WTI crude for September delivery traded […]
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