May 29, 2013 2:10 pm
Gold futures for August delivery were 0,5% up on the day on the Comex division of the New York Mercantile Exchange and traded at $1 386,25 a troy ounce, following a 0,8% surge earlier in the day. Golds gain was supported by the weakened dollar, which lost positions against the euro and the Japanese yen. […]
Read moreMay 29, 2013 10:29 am
Copper fell on the London Metal Exchange following the International Monetary Funds prediction Chinas economy will grow below forecasts. The Asian nations economy is poised to grow 7,75% according to the IMF, down from 8%. The Organisation for Economic Co-operation and Development also cut its forecast to 7,8% from 8%. China is the metal’s biggest […]
Read moreMay 29, 2013 8:48 am
Corn reached a three-week high as the report by the U.S. Department of Agriculture showed yesterday corn crop planting pace was slowed down due to excessive rains. Parts of Iowa, Missouri, Illinois and South Dakota had 15 centimeters of rain. Nevertheless, farmers made good progress last week. The front-month July corn contract reached a three-week […]
Read moreMay 29, 2013 8:07 am
Gold kept on gaining and ended its second month of decline as lower prices lured investors, among which many central banks. On the Comex division of the New York Mercantile Exchange gold futures for August delivery were up 0,5% on the day and traded at $1 386,55. Russia and Kazakhstan have been diversifying assets by […]
Read moreMay 29, 2013 7:14 am
U.S. crude stockpiles probably have decreased by 750 000 barrels last week as refineries have increased their output, spurred by increased demand before Memorial Day. The holiday marks the american peak driving season ending in September. The U.S. Crude Oil Inventories report, scheduled for release tomorrow by the Energy Information Administration, will bring some light […]
Read moreMay 28, 2013 1:56 pm
Corn for December delivery surged to the highest level. A report of the U.S. Department of Agriculture, scheduled for today, may show wet weather has slowed the planting process in the preceding week. As of the week ending May 19 71% of the corn crop was planted, compared to 95% last year and which was […]
Read moreMay 28, 2013 9:53 am
WTI crude stopped its four-day declining streak and rose 0,5% to $94.55 a barrel on the New York Mercantile Exchange at 9:50 am London time. Prices were under pressure following a statement by the U.A.E. Energy Minister that the global demand will stay relatively weak. Futures rebounded amid expectations that U.S. economic data scheduled for […]
Read moreMay 28, 2013 9:05 am
Record shipments from Thailand and Mexico add to an already sufficient supply, which exceeds global demand. This causes a reverse in the two-year premium surge of refined sugar. According to estimates compiled by Bloomberg, Brazil, worlds number one exporter, will boost its supply to a record level. Thailand, ranked second, will increase shipments by 11% […]
Read moreMay 28, 2013 7:13 am
Spot gold fell 0,5% and traded at $1387,18 an ounce after prices rose yesterday, supported by increased demand from central banks. Russia and Kazakhstan have been diversifying assets by buying gold after its prices contracted by a record pace. The two countries have kept buying gold for a seventh straight month. Turkey is also on […]
Read moreMay 28, 2013 6:43 am
Oil prices fell for a fifth straight day amid U.A.E. forecast for a “relatively weak” global demand. WTI futures closed the week ending on May 24 with a 2% weekly drop. WTI for July delivery dropped 92 cents to $93.23 a barrel on the New York Mercantile Exchange in Asian trading. OPEC, which accounts for […]
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