June 4, 2013 9:32 am
Silver tracked golds performance and slipped on Tuesday as the dollar regained some of its strength. The dollar index, which tracks the greenbacks performance against a basket of six major counterparts, was up 0,1% and traded at 82.81. The dollar found support in negative Euro zone data. PPI for April for the single currency block […]
Read moreJune 4, 2013 8:10 am
Corn dropped for a second day in a row as planting in the U.S. advanced last week and is near completion. According to the U.S. Department of Agricultures report yesterday, around 91% of the corn crop in the worlds largest grower has been planted, up from 86% last week. The USDA said on May 10 […]
Read moreJune 4, 2013 7:21 am
After rebounding from a one-month low of under $100 per barrel yesterday, Brent crude rebounded above $102, supported by weaker dollar and a North Sea outage. Following disappointing U.S. economy data on Monday, Brent oil slipped below $102 as concern about demand was spurred in the worlds biggest oil consumer, which accounts for 22% of […]
Read moreJune 4, 2013 6:38 am
Following the yet another batch of negative U.S. economic data on Monday, gold surged above $1 400 and kept its level during the Asian session. The ISM Manufacturing index mismatched predictions by 1.7% and plunged below the neutral level of 50. The value for May stands at 49, significantly below the 50,7 reading for the […]
Read moreJune 3, 2013 2:20 pm
Gold shot up after another batch of negative U.S. data came out. On the New York Mercantile Exchange, gold futures for July traded at $1 405,65 at 14:05 GMT, up 0,91% on the day. The ISM Manufacturing index mismatched predictions by 1.7% and plunged below the neutral level of 50. The value for May stands […]
Read moreJune 3, 2013 1:54 pm
Soft futures were mixed on Mondays U.S. morning trade. Cotton prices bounced off the previous sessions five-month low. Coffee and sugar prices continued to trade near multi-year lows amid sufficient global supplies. On the ICE Futures U.S. Exchange, cotton for July delivery traded at $0,8037 a pound, up 1.29% on the day after hitting a […]
Read moreJune 3, 2013 1:22 pm
Oil prices rose on Monday, returning price to where they stood before the OPEC meeting, which took place in Vienna on May 31. Brent oil for July delivery reached a session high of $102.27 dollars per barrel, followed by a decline. Brent traded at $101.21 a barrel at 12:59 GMT, up 0,79% on the day. […]
Read moreJune 3, 2013 11:30 am
Grain futures surged on Monday as investors looked ahead into the U.S. Department of Agricultures weekly update on U.S. planting progress. Wheat for July delivery hit a three-week high and traded at $7,1313 a bushel, followed by a decrease to $7,1275 at 11:13 GMT, up 1.04% on the day. Prices found support in concerns about […]
Read moreJune 3, 2013 8:50 am
According to the Chinese governments official report on Saturday, the countrys manufacturing Purchasing Managers Index rose to 50.8, which exceeded the 50,6 forecast. This brought signs of stabilizing growth in China after last week The IMF cut its economy growth forecast for China to 7.75%, down from 8%. The Organisation for Economic Co-operation and Development […]
Read moreJune 3, 2013 7:44 am
Gold keeps gaining, following disappointing U.S. data from last week. The precious metal extended its first back-to-back weekly gain of 0.4% in four weeks as the greenback retreated and hedge funds raised bets on a gold rally the most in two months. On the New York Mercantile Exchange, gold for August delivery traded at $1 […]
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