September 20, 2013 8:50 am
Copper remained fairly unchanged on Friday and is headed for its best week in a year after the Federal Reserve refrained from trimming its monetary stimulus program on Wednesday and signs of global economic recovery throughout the week boosted demand prospects. On the Comex division of the New York Mercantile Exchange, copper futures for delivery […]
Read moreSeptember 20, 2013 8:06 am
Gold pared its weekly advance, snapping two days of gains, as upbeat U.S. data on Thursday spurred speculation for Fed tapering at FOMCs next meeting. Silver, platinum and palladium also fell. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in December fell by 1.05% to $1 355.00 per troy […]
Read moreSeptember 20, 2013 7:19 am
Oil prices made a slight advance on Friday but remained on track to post a second weekly decline in a row as recovering output in Libya eased global supply issues, even as Saudi Arabia is expected to offset curbed production by other group members. Diplomatic progress between the U.S. and Iran and a possible meeting […]
Read moreSeptember 19, 2013 3:04 pm
Natural gas futures rose to the highest since July as EIAs weekly report showed that U.S. gas inventories rose less than analysts expected and the increase was well below five-year average. On the New York Mercantile Exchange, natural gas futures for delivery in October traded at $3.781 per million British thermal units at 14:49 GMT, […]
Read moreSeptember 19, 2013 2:34 pm
Gold remained fairly unchanged in the late European and early American sessions despite a series of upbeat U.S. data as market sentiment continued to be overwhelmed by Feds decision to refrain from trimming its monetary easing program in September. Silver, platinum and palladium also retained gains. On the Comex division of the New York Mercantile […]
Read moreSeptember 19, 2013 9:22 am
Grain futures extended Wednesdays gains as a broadly weak greenback underpinned dollar-denominated commodities. Soybeans drew support on growing demand from worlds top consumer China, while wheat exports rose as well. Corn outbound shipments statistics will be released by the USDA later today. On the Chicago Board of Trade, soybeans futures for delivery in November rose […]
Read moreSeptember 19, 2013 8:28 am
Copper extended Wednesdays gains and hit a three-week high after policy makers decided to keep Feds monthly bond purchases intact. Meanwhile, the metal also drew support following a 10th consecutive drop in inventories monitored by the LME. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December rose by […]
Read moreSeptember 19, 2013 7:42 am
Gold continued to advance on Thursday and hit a new session high in early European trading as policy makers decided to keep the pace of monthly bond purchases intact after FOMCs two-day meeting. A broadly weak dollar allowed the metal to rise back to a one-and-a-half week high. Silver, platinum and palladium surged as well. […]
Read moreSeptember 19, 2013 6:51 am
Both WTI and Brent benchmarks extended yesterdays major advance as policy makers defied broad market expectations for Quantitative Easing tapering and left the monetary easing program intact. The oil market was also strongly supported by unexpectedly upbeat U.S. inventories data, which showed stockpiles fell to the lowest since March 2012. Gains however remained limited as […]
Read moreSeptember 18, 2013 2:58 pm
Both WTI and Brent benchmarks extended their daily gains as the Energy Information Administration reported that U.S. crude oil inventories fell more than expected last week. Motor gasoline and distillate fuel supplies confounded analystss projections for an increase and dropped more than 1 million barrels each. On the New York Mercantile Exchange, WTI crude for […]
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