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Gold erases previous losses on weaker dollar

July 15, 2013 2:50 pm
Gold regained positions during the early U.S. session as disappointing U.S. economic data pressured down the dollar. The precious metal surged more than $10 after June Retail Sales failed to meet expectations. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 284.15 per troy ounce at […] Read more

Soft futures mixed, cocoa drops as concern over unfavorable weather eased

July 15, 2013 1:46 pm
Soft futures were mixed on Wednesday with sugar and coffee marking daily gains, while cotton and cocoa declined. On the ICE Futures U.S. Exchange, cocoa futures for September delivery traded at $2 225.50 a ton at 13:41 GMT, down 0.51% on the day. Prices held in range between days high and low of $2 235.50 […] Read more

Grain futures lower, corn drops amid favorable conditions

July 15, 2013 12:20 pm
Grain futures were mixed on Wednesday with corn and wheat tumbling more than 1%, while soybeans remained fairly unchanged but still traded lower. On the Chicago Board of Trade, corn futures for September delivery traded at $5.3713 per bushel at 12:17 GMT, down 1.37% on the day. Prices ranged between daily high of $5.4363 and […] Read more

Copper falls on weak China data

July 15, 2013 10:03 am
Copper fell on Monday, snapping last weeks advance after data showed Chinas economy expanded slower in the second quarter compared to 2012. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.133 at 10:02 GMT, down 0.71% on the day. Prices held in range between days high […] Read more

Natural gas gains on warmer weather forecasts

July 15, 2013 9:02 am
Natural gas rose on Monday, extending last weeks gains as weather forecasting models pointed at above-normal temperatures in parts of the U.S., boosting demand for the fuel. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.677 per million British thermal units at 8:56 GMT, up 0.91% on the day. Prices […] Read more

Gold extends best week since October 2011 on QE outlook

July 15, 2013 8:20 am
Gold rose on Monday, extending last weeks advance after Fed Chairman Ben Bernanke deferred Quantitative Easings imminent scale back at his latest statement, easing pressure on gold. On Monday, economic data from China showed the countrys economy expanded at a lower pace, but met projections. On the Comex division of the New York Mercantile Exchange, […] Read more

Oil gains on China economic data

July 15, 2013 7:20 am
Oil advanced on Monday, extending last weeks gains as mixed but matching expectations economic data from China boosted the countrys demand outlook. GDP growth matched expectations, while industrial production failed. However, oil consumption in the worlds second biggest consumer gained by more than 10%. On the New York Mercantile Exchange, WTI crude for September delivery […] Read more

Oil erases losses, heads for third weekly gain

July 12, 2013 3:05 pm
Oil erased earlier daily losses and traded higher as sentiment for recovering U.S. economy amid increase in U.S. corporate earnings, record drop in crude reserves and positive production price readings boosted demand outlook for the top consumer, offsetting negative economic data from China. On the New York Mercantile Exchange, WTI crude for August delivery traded […] Read more

Soft futures lower, cocoa falls amid slowing processing in Asia

July 12, 2013 2:09 pm
Soft futures edged lower on Friday with robusta coffee en route to biggest weekly advance in 10 months, while cocoa declined as processing in Asia slowed down amid high reserves of powder but is still headed for a weekly gain. On the NYSE Liffe, cocoa futures for September delivery traded at GBP1 515 a ton, […] Read more

Grain futures mixed, corn declines on ample supply outlook

July 12, 2013 12:37 pm
Grain futures were mixed on Friday with wheat and soybeans marking daily gains, while corn declined amid ample supplies and declining demand. On the Chicago Board of Trade, corn futures for September delivery traded at $5.5725 a bushel at 12:35 GMT, down 0.56% on the day. Prices held in range between $5.6063 and $5.5575. The […] Read more