August 26, 2013 9:47 am
Copper rose for a third straight day on Monday as investors weighed the possibility for Fed tapering its Quantitative Easing program in September following Fridays disappointing new homes sales. Market playerss focus shifted to the U.S. Durable Goods Sales due later today to gauge the U.S. economys recovery pace. On the Comex division of the […]
Read moreAugust 26, 2013 9:07 am
Grain futures rose on Monday with soybeans and corn surging more than 3.5%, while wheat advanced nearly 2% as weather forecasters continued to predict dry weather that threatened yield prospects in the U.S. On the Chicago Board of Trade, soybeans for delivery in November rose by 3.97% to $13.8138 per bushel at 9:05 GMT. Futures […]
Read moreAugust 26, 2013 8:13 am
Gold rose to a fresh 2 1/2-month high on Monday after which it retreated back to negative territory as investors weighed the outlook for Fed paring its monetary easing program following Fridays disappointing new homes sales. Mondays durable goods data fell in focus. Assets in the SPDR Gold Trust marked the biggest daily gain since […]
Read moreAugust 26, 2013 7:36 am
Oil rallied for a third day amid escalating geopolitical unrest in the Middle East following a possible chemical attack by the Syrian regime against civilians. Prices were also supported as Fridays disappointing new homes sales dampened speculations that the Federal Reserve will taper its bond purchasing program in September and thus supported commodities. Also supportive […]
Read moreAugust 23, 2013 2:48 pm
Gold surged to multi-week highs on Friday after disappointing U.S. New Homes Sales spurred speculation that the Federal Reserve might delay the imminent Quantitative Easing tapering, which most of the FOMC policy makers agreed should begin at some point this year. Silver and platinum hit multi-month highs, while palladium remained fairly unchanged. On the Comex […]
Read moreAugust 23, 2013 12:48 pm
Natural gas futures are expected to rise next week amid above-normal temperatures in the Midwest U.S., according to a Bloomberg survey of analysts. On the New York Mercantile Exchange, natural gas for delivery in September fell to $3.523 per million British thermal units at 12:22 GMT, down 0.63% on the day. Prices ranged between days […]
Read moreAugust 23, 2013 9:57 am
Copper surged on Friday and pared weekly losses following upbeat economic data from the U.S. to Europe and China on Thursday and Friday. Speculations that the Federal Reserve will taper its bond purchasing program by the end of the year kept gains limited. On the Comex division of the New York Mercantile Exchange, copper futures […]
Read moreAugust 23, 2013 9:34 am
Grain futures rose on Friday amid concerns that dry weather in the Midwest U.S., the largest producing region, may hurt crop yields. On the Chicago Board of Trade, corn futures for delivery in September jumped to $4.9163 per bushel at 9:33 GMT, up 0.70% on the day. Prices ranged between days high and low of […]
Read moreAugust 23, 2013 8:05 am
Gold was little changed on Friday as investors weighed the prospects of Fed tapering its $85 billion bond purchasing program within the end of the year against increased physical demand, spurred by low prices. Silver, platinum and palladium marked minor daily gains. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreAugust 23, 2013 7:12 am
Oil prices remained fairly unchanged in early European trading on Friday after West Texas Intermediate snapped three days of declines on Thursday on strong China and Euro zone manufacturing data. U.S. jobless claims rose more than expected but averaged the lowest reading since November 2007, boosting demand prospects in the worlds top consumer. On the […]
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