August 8, 2013 8:08 am
Gold rose for a second day on Thursday ahead of U.S. unemployment data which is expected to show an increase in the number of people who filed for initial unemployment payments in the week ending August 3. Gains however remained limited amid comments from Fed presidents who recently said that the central bank may taper […]
Read moreAugust 8, 2013 7:07 am
Oil prices rose for the first time in five days as positive Chinese trade data surpassed analysts expectations, fueling optimism about improvement in the Chinese economic activity. On the New York Mercantile Exchange, WTI crude for September delivery traded at $104.65 a barrel at 7:05 GMT, up 0.26% on the day. Prices ranged between days […]
Read moreAugust 7, 2013 2:49 pm
According to the Energy Information Administrations weekly report, U.S. crude oil inventories fell less than expected in the week ending August 2. Gasoline and distillate fuel gained, confounding analysts expectations. On the New York Mercantile Exchange, WTI crude for September delivery fell to $104.67 per barrel by 14:37 GMT, down 0.60% on the day. Futures […]
Read moreAugust 7, 2013 2:13 pm
Natural gas extended its steep fall and declined for an eleventh straight day as weather forecasting models continued to point at below-normal temperatures for the season, reducing demand for the fuel. On the New York Mercantile Exchange, natural gas for September delivery hit a new days low at $3.254 per million British thermal units at […]
Read moreAugust 7, 2013 9:33 am
Grain futures fell on Wednesday with corn and soybeans slipping slightly, while wheat made a moderate fall. Corn rebounded from Tuesdays 34-month low on speculation low prices may spur demand before USDAs crop production report on August 12. On the Chicago Board of Trade, corn futures for September delivery traded at $4.7213 a bushel at […]
Read moreAugust 7, 2013 8:52 am
Copper fell on Wednesday as more unexpectedly upbeat U.S. data on Tuesday reinforced the view of some of Feds officials that the central banks monetary easing program might be tapered in September. On the New York Mercantile Exchange, copper futures for September delivery traded at $3.167 a pound at 8:52 GMT, down 0.18% on the […]
Read moreAugust 7, 2013 8:11 am
Gold fell to a three-week low on Wednesday amid speculation Fed will begin tapering its monetary easing program in the second half of the year and most likely after FOMCs September meeting, according to Fed Chicago President Charles Evans. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded […]
Read moreAugust 7, 2013 7:17 am
Oil prices swung between gains and losses and remained fairly unchanged through the early European session. Investors await the Energy Information Administrations weekly U.S. crude oil inventories report, which is poised to show a drop in reserves to the lowest level since January. Meanwhile, prices remained pressured as concern over supply continued to ease as […]
Read moreAugust 6, 2013 2:54 pm
Gold fell to a three week low on Tuesday as more upbeat U.S. data reinforced speculation that the Federal reserve may begin tapering its bond purchasing program in the near future. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 285.40 per troy ounce at 14:51 […]
Read moreAugust 6, 2013 2:16 pm
Natural gas rebounded off a new 5-month low on Tuesday as weather forecasters predicted higher-than-normal temperatures in Texas in the upcoming weeks, thus boosting demand for the fuel. On the New York Mercantile Exchange, natural gas for September delivery traded at $3.327 per million British thermal units, up 0.24% on the day. Prices held in […]
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