September 18, 2013 2:27 pm
Natural gas fell more than 1.5% after hitting a 2-month high on Tuesday as forecasts for mild weather in key consuming areas curbed demand prospects. Market players focused on the outcome of FOMCs meeting due to conclude later today and Thursdays weekly EIA natural gas storage report. On the New York Mercantile Exchange, natural gas […]
Read moreSeptember 18, 2013 9:33 am
Grain futures were mixed on Wednesday with corn and wheat advancing, while soybeans posted a minor daily decline. Based on crop-insurance data, the actual drop in areas planted to soybeans was smaller than previously estimated, while insurance claims on corn covered more acres in September than in August. Claims on wheat areas also rose from […]
Read moreSeptember 18, 2013 8:19 am
Copper traded mostly lower in Asian trading but rebounded to positive territory on in the European session amid increased market volatility before the Federal Open Market Committee concludes its meeting later today. Policy makers will decide whether they should begin decelerating Feds Quantitative Easing program but broad expectations point in that direction. On the Comex […]
Read moreSeptember 18, 2013 7:48 am
Gold fell below the $1 300 mark in early European trading and touched a six-week low, after which consolidation followed around the key level amid broad market expectations that the Fed will begin trimming its monetary stimulus after the end of FOMcs meeting later today. Silver and palladium fell, while platinum slightly advanced. On the […]
Read moreSeptember 18, 2013 7:01 am
Both West Texas Intermediate and Brent benchmarks traded near multi-week lows as Libya made progress in restoring partially its oil output, while advancing peace talks between worlds major forces regarding military action against Syria eroded oils geopolitical premium. Market players also awaited the outcome of FOMCs two day meeting which will conclude today with broad […]
Read moreSeptember 17, 2013 2:38 pm
Natural gas rose for a fourth day on speculations that this weeks EIA U.S. natural gas storage report will show a smaller than average increase in stockpiles. Warmer than usual weather through the end of the month boosted the power-stations demand prospects. On the New York Mercantile Exchange, natural gas futures for delivery in October […]
Read moreSeptember 17, 2013 2:00 pm
Gold plunged back to negative territory as the Labor Department reported that U.S. consumer inflation barely rose in August, limiting demand for the metal as a hedge against inflation. The rise however pointed at stabilization in underlying inflation that supports Feds intention to trim its monetary easing program. The outcome of FOMCs two-day meeting starting […]
Read moreSeptember 17, 2013 9:35 am
Grain futures rose on Tuesday following yesterdays USDA weekly crop progress report which showed a fifth consecutive deterioration in soybeans condition, while corn harvesting fell well behind last years pace. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.60% to $13.5625 per bushel at 9:34 GMT. Prices held in […]
Read moreSeptember 17, 2013 8:42 am
Copper rose on Tuesday as positive economic data from top consumer China boosted demand prospects for the metal. Upbeat U.S. industrial production reported on Monday continued to underpin the market. Gains remained limited amid broad expectations for Quantitative Easing tapering announcement at the FOMC meeting. On the Comex division of the New York Mercantile Exchange, […]
Read moreSeptember 17, 2013 8:07 am
Gold swung between gains and losses on Tuesday ahead of the upcoming Federal Open Market Committee meeting amid broad expectations that the Federal Reserve will begin trimming its bond purchasing program. Receding Syria tension also pressured the market. Silver, platinum and palladium slightly advanced. On the Comex division of the New York Mercantile Exchange, gold […]
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