July 1, 2013 9:01 am
Gold continued to rise on Monday after rebounding from the lowest level since August 2010 and marking the worst quarterly loss since nine decades. The precious metal gained as buyers were lured by the attractive prices and traders closed out bets on lower prices known as short position covering. On the Comex division of the […]
Read moreJuly 1, 2013 7:26 am
Oil fluctuated on Monday, erasing previous losses during the early European session. Prices were pressured as Chinas final HSBC PMI hit the lowest level since nine months, supporting the countrys concerning growth outlook, which was recently further trimmed by Goldman Sachs. On the New York Mercantile Exchange, WTI crude for August delivery traded at $96.77 […]
Read moreJune 28, 2013 2:56 pm
Oil pared earlier daily gains and plunged towards the red scale as unexpectedly upbeat U.S. consumer confidence gave a strong boost to the U.S. dollar, after which a rebound followed. Meanwhile, Jeffrey Lacker, Richmond Fed president, said during his speech that he doesnt support Feds Quantitative Easing. On the New York Mercantile Exchange, WTI crude […]
Read moreJune 28, 2013 2:08 pm
Soft futures were mixed on Friday with sugar, coffee and cocoa trading lower on the day, while cotton advanced. On the ICE Futures U.S. exchange, sugar futures for October delivery fell 0.64% at 14:05 GMT. The sweetener traded at $0.1695 а pound, ranging between days high at $0.1715 and low of $0.1694 a pound respectively. […]
Read moreJune 28, 2013 12:14 pm
Grain futures remained overall unchanged on Friday, but kept their bearish trends as favorable weather boosted crop developing outlook in the U.S. On the Chicago Mercantile Exchange, corn futures for September delivery traded at $5.7288 a bushel, up 0.22% on the day. Prices ranged between days high at $5.7388 and low of $5.7063, which was […]
Read moreJune 28, 2013 9:52 am
Copper rebounded on Friday to trade near its previous close after plunging more than 1% during the Asian session. The industrial metal has been heavily pressured by Feds announced intention to taper its bond purchasing program during the second half of the year and Chinas worsening economic condition, which puts global demand at risk. The […]
Read moreJune 28, 2013 8:21 am
Gold rebounded on Friday from the 34-month low it hit during the Asian session after marking the worst quarterly loss since nine decades. However, gains remained capped as the U.S. economy showed further consistent recovery signs yesterday, supporting Feds intentions to wind down its monetary easing program. On the Comex division of the New York […]
Read moreJune 28, 2013 7:19 am
WTI rose on Friday, extending Thursdays gains as positive economic outlook in the U.S., the worlds top consumer, boosted demand prospects. Brent oil also rose as comments by Fed governors eased concern the central bank will curb its bond purchasing program. The European benchmark is headed for a first monthly gain since 5 months, but […]
Read moreJune 27, 2013 3:21 pm
Natural gas plunged more than 4% on Thursday after the EIA said in its weekly report that natural gas inventories rose more than expected during the week ending June 21. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.576 per million British thermal units at 15:19 GMT, down 4.32% on […]
Read moreJune 27, 2013 2:38 pm
Oil edged higher throughout the late European and early U.S. sessions as positive U.S. economic data boosted demand outlook for the worlds biggest oil consumer. On the New York Mercantile Exchange, WTI crude for August delivery traded at $96.30 at 14:36 GMT, 0.84% higher on the day. Prices were green during the most of the […]
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