July 17, 2013 8:51 am
Gold remained fairly unchanged on Wednesday, trading near last Thursdays three-week high of $1 297.05 per troy ounce. Market players remained cautious, awaiting Federal Reserve Chairman Ben Bernankes two-day testimony to Congress to provide further information about the future of Feds monetary stimulus. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreJuly 17, 2013 7:55 am
West Texas Intermediate slid for a second day as investors remained cautious ahead of Ben Bernankes statement to Congress later today. The American Petroleum Institutes weekly report yesterday showed a drop in crude oil inventories, which however was much lower than the preceding two weeks. Gasoline and distillate fuel stockpiles rose. On the New York […]
Read moreJuly 17, 2013 6:50 am
Natural gas fell for a second day as weather forecasting models showed long-term temperatures in key U.S. consuming areas will fall back to normal. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.655 per million British thermal units at 6:28 GMT, down 0.68% on the day. Prices held in range […]
Read moreJuly 16, 2013 2:37 pm
West Texas Intermediate erased earlier daily losses and rose for a third day amid expectations for a yet another drop in U.S. crude oil inventories following the all-time record high reserve declines during the previous two weeks. A weaker dollar also supported prices. On the New York Mercantile Exchange, WTI crude for September delivery traded […]
Read moreJuly 16, 2013 1:57 pm
Gold remained steady and higher in the late European session even after the release of positive U.S. economic data showing increasing economic activity. Investors remained cautious ahead of Ben Bernankes statements to Congress on Wednesday and Thursday. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 […]
Read moreJuly 16, 2013 1:07 pm
Soft futures edged higher on Tuesday with robusta hitting a seven-week high as Vietnamese exports fall, while rains in Brazils top growing areas are expected to disturb harvesting. Cocoa also advanced. On the NYSE Liffe, robusta futures for September delivery traded at $1 944 a ton, up 2.10% on the day. Prices held in range […]
Read moreJuly 16, 2013 10:40 am
Grain futures advanced on Tuesday with corn gaining for the first time in three days as data showed that demand for suppliers in the U.S. increased, while crop quality decreased, compared to the preceding week. On the Chicago Board of Trade, corn futures for September delivery traded at $5.4700 per bushel at 10:36 GMT, up […]
Read moreJuly 16, 2013 9:03 am
Copper advanced on Tuesday ahead of U.S. economic data, which is expected to show an advance in industrial production, and Ben Bernankes testimony to Congress on Wednesday and Thursday. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.151 a pound at 8:52 GMT, up 0.22% on […]
Read moreJuly 16, 2013 8:15 am
Gold remained little changed in the early European session as investors remained cautious ahead of Fed Chairman Ben Bernankes testimony to Congress on Wednesday. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 284.95 per troy ounce, up 0.11% on the day. Prices held in range […]
Read moreJuly 16, 2013 7:34 am
Oil traded overall lower during early European trading amid growing concern over demand in the worlds second biggest consumer, China. However, losses remained limited as analysts expect a new weekly drop in U.S. crude oil inventories, which, if confirmed might boost, WTI to a new years high. On the New York Mercantile Exchange, WTI crude […]
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