September 2, 2013 8:16 am
Gold fell for a fourth day on Monday on easing concern over an imminent U.S.-led attack against Syria as President Barack Obama announced he will require Congresss approval for initiating military action. Last weeks U.S. data spurred speculation that the Federal Reserve might pare its monetary easing program in as early as September. Silver rebounded […]
Read moreSeptember 2, 2013 7:23 am
Both WTI and Brent benchmarks extended losses on Monday as Barack Obama announced that he will seek Congresss approval for an attack against the Syrian regime led by Bashar al-Assad, which allegedly used chemical weaponry against civilians in the suburbs of Damascus. Losses remained in check on positive China data and further decline in Libyan […]
Read moreAugust 30, 2013 2:48 pm
Gold continued to trade lower on the day following a batch of mixed data from the U.S., which added to the uncertainty over a possible tapering of Feds monetary easing program in September. Silver, platinum and palladium remained on negative territory. On the Comex division of the New York Mercantile Exchange, gold futures for December […]
Read moreAugust 30, 2013 12:08 pm
Grain futures edged lower on Friday as forecasts for rainfall in some growing areas is expected to relieve the stress U.S. crops. Soybeans and corn fell more than 1%, while wheat remained fairly unchanged. On the Chicago Board of Trade, corn futures for delivery in December plunged by 1.00% to a days low of $4.7638 […]
Read moreAugust 30, 2013 9:46 am
Natural gas rose for a fifth day to a five-week high on speculation that above-normal temperatures into mid-September will boost demand for the power plant fuel. On the New York Mercantile Exchange, natural gas for October delivery traded at $3.630 per million British thermal units at 9:30 GMT, up 0.32% on the day. Futures rose […]
Read moreAugust 30, 2013 9:12 am
Copper is headed for its best month since September amid positive global economic recovery prospects from the U.S. to Europe and Japan. Easing concern over a U.S.-led attack against the Syrian regime stoked back demand for riskier assets after market players sought safe haven security in currencies and gold during the escalation of the conflict. […]
Read moreAugust 30, 2013 8:21 am
Gold extended losses after Thursdays upbeat U.S. data supported the case for Fed to decelerate its monetary easing program. Easing concern over an U.S.-led attack against the Syrian regime reduced demand for the metal as a safe haven for wealth storage after the U.K. parliament rejected Prime Minister David Camerons proposal for an intervention in […]
Read moreAugust 30, 2013 7:30 am
West Texas Intermediate dropped for a second day as the U.K. parliament rejected a motion for military action in Syria, which eased concern over an imminent attack against Assads regime. Prices were also pressured as OPEC boosted its output in August, with Saudi Arabia and UAEs production hitting a 24-year high. On the New York […]
Read moreAugust 29, 2013 2:47 pm
Natural gas futures erased previous daily gains and retreated toward negative territory following a bearish EIA weekly report, which showed U.S. stockpiles rose more than the five-year average. On the New York Mercantile Exchange, natural gas for October delivery plunged to $3.521 per million British thermal units at 14:51 GMT, down 1.72% on the day. […]
Read moreAugust 29, 2013 1:37 pm
Gold extended losses on Thursday following the release of upbeat U.S. GDP and jobless claims data, which spurred speculation that the Federal Reserve may being decelerating its monetary easing program in as early as September. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 406.50 per […]
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