June 26, 2013 10:33 am
Copper made a steep fall on Wednesday, going back towards the three-year low it hit on Tuesday, pressured by speculation Fed will taper its bond purchasing program in the near future. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.040 a pound at 10:31 GMT, down […]
Read moreJune 26, 2013 9:24 am
Silver made another steep fall on Wednesday, losing more than 5% of its value. The precious metal was hammered down by speculation over an earlier-than-expected Quantitative Easing deceleration, which according to Ben Bernanke should take place during the second half of the year. On the Comex division of the New York Mercantile Exchange, silver futures […]
Read moreJune 26, 2013 8:42 am
Grain futures were mixed on Wednesday with wheat marking a daily gain, corn remaining fairly stable, but on the green side and soybeans slipping on speculation U.S. farmers will plant more acres than the previous forecast in March. On the Chicago Mercantile Exchange, soybeans futures for August delivery traded at $14.2288 per bushel at 8:33 […]
Read moreJune 26, 2013 7:49 am
Gold made a steep plunge during the Asian session and extended losses in the early European session after upbeat U.S. economic data on Tuesday supported Feds intentions to taper its bond purchasing program, thus driving the dollar up. Gold fell to a 33-month low and silver touched its lowest level since August 2010. On the […]
Read moreJune 26, 2013 6:57 am
Oil prices plunged on Wednesday following the American Petroleum Institutes weekly report that showed crude reserves dropped much less than forecast during last week. Meanwhile, upbeat U.S. economic data, which was published on Tuesday, suggested the Federal Reserve is on the right track with its intentions to scale back the monetary easing program earlier than […]
Read moreJune 25, 2013 2:51 pm
Gold tumbled back to the red side of the scale, erasing earlier daily gains, as positive U.S. data strengthened the dollar and supported outlook for earlier-than-expected deceleration of Feds Quantitative Easing program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 274.55 an ounce at 14:49 […]
Read moreJune 25, 2013 1:48 pm
Grain futures gained on Tuesday following the U.S. Department of Agricultures weekly crop progress report on Monday and ahead of planting and stocks report later in the week. On the Chicago Mercantile Exchange, corn futures for September delivery traded at $5.7963 a bushel at 13:45 GMT, up 0.04% on the day. Prices ranged between days […]
Read moreJune 25, 2013 11:45 am
Copper rebounded on Tuesday, marking a large intra-day gain as Peoples Bank of China representatives reassured investors the recent cash squeeze in the economy will be handled and liquidity will be kept at a supportive level for growth. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at […]
Read moreJune 25, 2013 10:21 am
Gold marked daily gains on Tuesday as comments by Dallas and Minneapolis Fed presidents curbed speculations of an earlier-than-expected deceleration of the central banks monetary easing program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery gained 0.48% on the day. The precious metal traded at $1 283.25 a […]
Read moreJune 25, 2013 9:32 am
Oil prices continued to edge higher throughout the early European session, supported by projections U.S. oil reserves dropped during the week ending June 21. Even though China received a further downward revision of its growth forecast by Goldman Sachs, projections for demand picking up in the U.S. during the driving season boosted oil. On the […]
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