September 13, 2013 8:25 am
Copper was little changed in European trading after falling to a five-week low during the Asian session amid broad expectations that the Federal Reserve will pare its monetary stimulus after FOMCs upcoming meeting next week. Downbeat industrial production in the Euro zone on Thursday also weighed on the market. On the Comex division of the […]
Read moreSeptember 13, 2013 7:45 am
Gold fell to a five-week low and is headed to its worst weekly performance in more than two months on broad expectations that the Federal Reserve will trim its bond purchases at next weeks FOMC meeting. Fading fears that the U.S. will launch a punitive military attack against Syria curbed safe haven demand for the […]
Read moreSeptember 13, 2013 7:06 am
Oil prices snapped two days of advances as the U.S. and Russia began talks on the plan to put Syrias chemical weaponry under international control, thus reducing concern that U.S.-led military action might spill the conflict over to neighboring major oil producers in the Middle East. Market players also eyed upcoming U.S. economic data later […]
Read moreSeptember 12, 2013 2:49 pm
Natural gas futures rose more than 2% to a one-week high after the Energy Information Administration reported that U.S. natural gas inventories rose in line with analysts expectations. On the New York Mercantile Exchange, natural gas for delivery in October rose by 2.57% to $3.659 per million British thermal units at 14:48 GMT. Futures rose […]
Read moreSeptember 12, 2013 1:29 pm
Gold extended its retreat on Thursday and fell to a new five-week high as the U.S. Department of Labor reported a major drop in the number of people who filed for initial unemployment payments last week. Despite the fact that a big part of the fall was based on computer system upgrades in two states, […]
Read moreSeptember 12, 2013 9:16 am
Grain futures were mixed on Thursday with wheat and corn marking minor declines, while soybeans advanced for a third day amid expectations that the USDA will trim its crop forecast in its upcoming report later today. On the Chicago Board of Trade, soybeans for November delivery rose by 0.30% to $13.6250 per bushel at 8:55 […]
Read moreSeptember 12, 2013 8:35 am
Copper fell for a third day to a five-week low amid broad expectations that the Federal Reserve will pare its monetary easing program after the upcoming FOMC meeting on September 17-18. Losses remained limited on China demand outlook. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell […]
Read moreSeptember 12, 2013 7:39 am
Gold plunged more than 1% to a month-low as FOMCs September meeting drew closer and broad expectations call for a reduction of Feds bond purchasing program to be announced. Receding concern over an escalation of the Syrian conflict also pressured the market. Silver, platinum and palladium fell as well. On the Comex division of the […]
Read moreSeptember 12, 2013 6:58 am
Both WTI and Brent benchmarks swung between gains and losses on Thursday as market players weighed OPECs ample global supply outlook against uncertainty over a peaceful resolution of the Syrian conflict. On the New York Mercantile Exchange, WTI crude for October delivery traded at $107.48 per barrel at 6:56 GMT, down 0.08% on the day. […]
Read moreSeptember 11, 2013 3:19 pm
Both WTI and Brent benchmarks trimmed daily gains after the Energy Information Administration said in its weekly report that U.S. crude inventories fell less than expected last week. Gasoline supplies confounded expectations and surged, while distillate fuel stocks rose more than anticipated. Easing tension in Syria continued to pressure the market. On the New York […]
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