June 24, 2013 3:04 pm
Natural gas fluctuated on Monday, swinging between gains and losses. The fuel, like all other dollar-priced commodities, was pressured by the stronger greenback. However, natural gas drew support by forecasting models, which projected warmer weather throughout the week before cooling down in the beginning of July. On the New York Mercantile Exchange, natural gas for […]
Read moreJune 24, 2013 12:35 pm
Grain futures were lower on Monday ahead of the U.S. Department of Agricultures weekly crop progress report that is poised to show planting increased in the U.S. Midwest. DTN reported on June 21 that warmer and drier weather in the Midwest will boost crop prospects. Also, the broadly stronger dollar keeps weighing on all commodity […]
Read moreJune 24, 2013 10:17 am
Silver tracked golds downward direction and extended losses on Monday, trading near its 33-month low. On the Comex division of the New York Mercantile Exchange, silver futures for September delivery fell 1.43% for the day. The precious metal traded at $19.715 a pound at 10:16 GMT, ranging between daily high and low at $20.197 and […]
Read moreJune 24, 2013 9:47 am
Copper made a steep plunge on Monday, losing more than 3% of its value as yet another China GDP forecast was revised down. Goldman Sachs became the latest bank to trim the Asian countrys economic growth projection amid tighter financial conditions and reforms. On the Comex division of the New York Mercantile Exchange, copper futures […]
Read moreJune 24, 2013 8:12 am
Gold fell on Monday, erasing earlier gains during the Asian session. The precious metal rebounded on Friday after being hammered down following Feds meeting on Wednesday, but still settled with a 6.8% weekly loss, the worst performance since September 2011. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery […]
Read moreJune 24, 2013 7:15 am
Oil kept falling on Monday for a fourth straight day as concern over tension in Syria was offset by reduced demand outlook from China and the U.S. and stronger dollar kept weighing on prices. On the New York Mercantile Exchange, WTI crude for August delivery traded 0.75% lower on the day, standing at $92.99 per […]
Read moreJune 21, 2013 2:33 pm
Oil prices erased earlier daily gains and plunged towards the red scale as the greenback advanced further on negative Canada economic data. The dollar index extended gains and reached a days high of 82.47, up 0.57% as Canadas first batch of negative economic news was published at 12:30 GMT. On the New York Mercantile Exchange, […]
Read moreJune 21, 2013 12:52 pm
Rosneft, Russias biggest oil company and world No.1 by output, agreed to double its oil supply towards China for the next 25 years, starting in 2015. The company, 75% of whose capital is government owned, will deliver 300 000 barrels per day more to the world No.2 economy, following Russias trend to shift focus to […]
Read moreJune 21, 2013 10:02 am
Grain futures dropped on Friday as stronger dollar and ample global supply weighed on prices. Meanwhile, soybeans demand outlook seems grim as the worlds biggest consumer, China, is experiencing a cash squeeze and latest data points at economic growth slowdown. On the Chicago Mercantile Exchange, soybeans futures for July delivery traded 0.03% lower on the […]
Read moreJune 21, 2013 9:34 am
Copper rebounded on Friday after it hit a 20-month low on Thursday, pressured by Chinas manufacturing outlook and strengthening of the dollar caused by FOMCs last meeting. On the Comex division of the New York Mercantile Exchange, copper futures for July delivery traded 0.34% higher on the day. The industrial metal stood at $3.073 a […]
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