August 1, 2013 8:58 am
Copper rose to the highest level since July 26 as surprisingly positive China manufacturing data defied analysts expectations and boosted the metals demand prospects. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.141 a pound at 8:54 GMT, up 0.71% on the day. Prices ranged between […]
Read moreAugust 1, 2013 8:13 am
Gold gained slightly on Thursday as the FOMC said after its two-day meeting on Tuesday and Wednesday that persistently low inflation could hinder economic expansion and pledged not to taper its monetary easing program. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 317.15 per troy […]
Read moreAugust 1, 2013 7:05 am
Oil prices extended Wednesdays advance on Thursday as upbeat U.S. and China economic data offset EIAs bearish inventories report. Both benchmarks are back on track posting their best monthly performance since August 2012 and Brent drew further support amid concern over supply disruptions in the Middle East and North Africa. On the New York Mercantile […]
Read moreJuly 31, 2013 2:56 pm
The Energy Information Administration said in its oil reserves report that U.S. crude stockpiles rebutted analysts predictions for a fifth consecutive weekly drop and instead increased. Gasoline stockpiles gained, while distillate fuel reserves declined. Negative reserves data however was offset by previously released upbeat U.S. data, which boosted demand prospects. On the New York Mercantile […]
Read moreJuly 31, 2013 2:23 pm
Natural gas traded on the upside for the first time in six days as market players were lured back to the market to seek cheap valuations. Gains remained limited as weather forecasters kept on pointing at mild temperatures across key consuming areas. On the New York Mercantile Exchange, natural gas for September delivery traded at […]
Read moreJuly 31, 2013 2:06 pm
Gold erased earlier gains throughout the day and slipped back to negative territory following upbeat U.S. data that outperformed analysts expectations. The U.S. economy grew much faster in the second quarter than last years downward revised pace, which shot the dollar up and pressured dollar-denominated commodities. On the Comex division of the New York Mercantile […]
Read moreJuly 31, 2013 12:54 pm
Soft futures were mixed on Wednesday with cocoa, cotton and coffee declining, while sugar advanced. On the ICE Futures U.S. Exchange, raw sugar for October delivery surged to $0.1696 a pound at 12:28 GMT, up 0.12% on the day. Futures ranged between days high and low of $0.1698 and $1686. Meanwhile on the NYSE Liffe […]
Read moreJuly 31, 2013 12:01 pm
Grain futures were mixed on Wednesday with corn declining and soybeans hitting a 16-month low, while wheat gained for a fourth straight day as lower prices fueled a demand increase. On the Chicago Board of Trade, wheat futures for September delivery traded at $6.5700 a bushel at 11:50 GMT, up 0.24% on the day. Futures […]
Read moreJuly 31, 2013 10:48 am
Silver tracked golds upward direction on Wednesday. The metal gained more than 1% as market players awaited Feds meeting statement later today to assess whether the central bank will taper its monetary easing program in the upcoming months or that will be postponed. On the Comex division of the New York Mercantile Exchange, silver futures […]
Read moreJuly 31, 2013 9:00 am
Copper rebounded from Tuesdays three-week low on Wednesday and surged more than 1% on speculation the Chinese government is determined to stabilize growth in the second half of the year, thus boosting demand for raw materials. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.081 a […]
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