June 27, 2013 1:59 pm
Gold pared some of its earlier gains following todays upbeat U.S. economic data, which offset yesterdays disappointing Q1 GDP growth final reading and supported Feds intention to scale back its monetary easing program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 233.15 per troy ounce […]
Read moreJune 27, 2013 12:52 pm
Soft futures were mixed on Thursday with sugar, arabica and robusta coffee marking daily gains, while cotton and cocoa traded lower. On the ICE Futures U.S. exchange, arabica coffee for September delivery traded 1.23% higher on the day, standing at $1.1978 a pound at 12:49 GMT. Prices ranged between days high at $1.1993 and low […]
Read moreJune 27, 2013 10:32 am
Copper gained on Thursday supported by yesterdays weak U.S. economic data that dampened concern of a premature Quantitative Easing deceleration, and news that industrial companies in China increased their profits in May. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.056 a pound at 10:31 GMT, […]
Read moreJune 27, 2013 9:43 am
Grain futures were higher on Thursday with wheat and soybeans marking moderate gains, while corn rebounded after earlier losses to trade slightly above its previous close, pressured by concern for ample supply. On the Chicago Mercantile Exchange, corn futures for September delivery traded at $5.7438 a bushel at 9:40 GMT, up 0.14% on the day. […]
Read moreJune 27, 2013 8:15 am
Gold surged during the Asian session and extended gains throughout the early European session as yesterdays disappointing U.S. data temporarily dampened speculation of an earlier than expected Quantitative Easing deceleration. The precious metal fell to a new three-year low yesterday prior to The Bureau of Economic Analysiss final Q1 GDP reading. On the Comex division […]
Read moreJune 27, 2013 7:03 am
WTI and Brent gained during the early European session as disappointing U.S. data eased concerns Fed will taper its monetary stimulus, U.S. refineries increased crude processing and industrial profits in China gained in May, compared to last year. The civil war in Syria renewed worries about the conflict spreading in nearby oil producing countries. Prices […]
Read moreJune 26, 2013 3:12 pm
Oil fell to a session low after the Energy Information Administration said in its weekly report that Crude Oil Inventories remained unchanged during last week, compared to the preceding one. On the New York Mercantile, WTI traded at $94.42 per barrel at 15:11 GMT, down 0.94% on the day. Light, sweet crude rebounded after hitting […]
Read moreJune 26, 2013 2:40 pm
Gold rebounded off the lows following disappointing U.S. data published earlier today. After dropping 23% this year and hitting a 34-month low today, gold regained some of its positions but still traded more than 2.5% lower. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery stood at $1 238.45 […]
Read moreJune 26, 2013 1:50 pm
Soft futures were mixed on Wednesday with sugar, arabica and cotton marking declines, while cocoa traded higher. The sweetener fell after rising by 4.1% for the past three days on speculation rain would slow cane processing in the worlds biggest producer, Brazil. Meanwhile, cocoa gained the most in three weeks. On the ICE Futures U.S. […]
Read moreJune 26, 2013 10:33 am
Copper made a steep fall on Wednesday, going back towards the three-year low it hit on Tuesday, pressured by speculation Fed will taper its bond purchasing program in the near future. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.040 a pound at 10:31 GMT, down […]
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