June 6, 2013 7:16 am
Gold slipped and circled around $1 396 an ounce as investors remained cautions ahead of key employment data, scheduled for Thursday and Friday. Prices rose 0.3% yesterday as the ADP Employment Change mismatched forecasts and showed a less than expected gain in hired workers, even though India announced it will widen its gold import restrictions […]
Read moreJune 6, 2013 6:35 am
Brent oil remained steady around $103 a barrel on Thursdays Asian session. The surprising drop in U.S. Crude Oil Inventories reported on Wednesday boosted WTI above 94$ and Brent surpassed the $104 mark. Gains, however, were curbed by worries that the U.S. central bank may reduce its Quantitave Easing program as key employment data is […]
Read moreJune 5, 2013 2:48 pm
U.S. Crude Oil Inventories dropped surprisingly by 6.267 million barrels in the week ending June 2, according to the Energy Information Administrations report, released at 14:30 GMT. This is a significant decrease, compared to the preceding weeks 3 million barrels gain. Final value mismatched forecasts of an 800 000 barrel decrease, which caused WTI crude […]
Read moreJune 5, 2013 1:20 pm
Corn slipped for a third day on the Chicago Mercantile Exchange amid forecasts for an ample supply even with slower planting and decreased sown to corn areas. Corn for July delivery rebounded and compensated for earlier session losses, but is still pressured. Corn traded 0.47% higher on the day at $6.6350 a bushel at 12:45 […]
Read moreJune 5, 2013 12:38 pm
Soft futures were mixed on Wednesday on the ICE Futures U.S. Exchange. Sugar prices bounced off lowest levels since July 2010 as investors returned to the market amid speculations prices will start climbing. Arabica coffee also rose, while cotton futures plunged. Sugar futures for July delivery traded at $0.1652 a pound at 12:26 GMT, up […]
Read moreJune 5, 2013 11:00 am
Brent oil rose above $103 a barrel and neared $104 amid increased demand prospects as South Korea aims to reduce its Middle East oil reliance. Expectations that the country will increase imports from other regions is supposed to increase demand for crudes priced off Brent. Brent crude traded at $103.30 at 10:39 GMT, up 0,05% […]
Read moreJune 5, 2013 10:19 am
Copper marked little gain on Wednesday and remained mainly steady in expectation for the ADP data, scheduled for release later today. The ADP Employment Change indicator for May is supposed to surge to 165 000, up from 119 000 in the preceding month. Unit Labour Costs and and Non-Farm Productivity are expected to remain unchanged. […]
Read moreJune 5, 2013 8:32 am
Wheat marks a fourth day of gains as excessive rains in Midwest U.S. delayed planting of the spring crop and drought in Kansas and Texas caused winter yields decline. On the Chicago Mercantile Exchange, wheat futures for July delivery traded at $7,1063 at 8:13 GMT, up 0,14% on the day. According to USDA’s report on […]
Read moreJune 5, 2013 7:32 am
Gold gained in the early Asian session, supported by equities retreat and weaker dollar. Gold prices plunged 1% on Tuesday on news that India will extend its import ban on the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 399,35 a troy ounce […]
Read moreJune 5, 2013 6:47 am
WTI crude traded higher in the early part of the Asian trading session, supported by expectation of declining stockpiles. According to the American Petroleum Institutes industry report crude reserves shrank by 7,8 million barrels in the week ending June 2. Gasoline stockpiles decreased by 1.3 million barrels, but distillate supplies rose by 241 000 barrels. […]
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