May 27, 2013 7:32 am
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 month in a row with Russia expanding its holdings this year by 3,4%, following an 8,5% increase in 2012. Kazakhstan increased its reserves by 8,9% this year, […]
Read moreMay 27, 2013 6:37 am
WTI crude kept its declining pace for a fifth day, which is the longest run of declines this year, following concerning data about Chinas economy published last week. The Asian nations Advance Purchasing Managers Index hit a seven-month low value of 49,6 in May, compared to a final reading of 50,4 in April. This had […]
Read moreMay 23, 2013 2:50 pm
U.S. Natural Gas Storage Indicator increased less than expected in the week ending may 17 according to the Energy Information Administration. It rose to 2 053 billion cubic feet, up from 1 964 billion cubic feet the preceding week, but lower than the forecast of a 2 054 billion cubic feet. Natural gas stockpiles rose […]
Read moreMay 23, 2013 2:33 pm
WTI crude fell more than $2 and went below the 200-day moving average. The fall was triggered by Chinas factory activity decline, which was shown by the Advance Manufacturing Purchasing Managers’ Index, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator dropped to 49,6, which is a negative value as 50 is the […]
Read moreMay 23, 2013 12:05 pm
Soybeans reached a six-month high following signs of increased demand from China and concerns over U.S. crop. Soybeans futures for July delivery rose 0,1% for the day and traded at $14.9513 a bushel, following a 0,5% increase earlier in the day. On May 21 the Hamburg-based researcher Oil World said that Chinas soybean imports will […]
Read moreMay 23, 2013 10:16 am
After the European Commissions probe into possible oil price manipulation started last week, the circle of companies to come under scrutiny has widened. Some of them are investigated, while others are asked to assist by providing information. Royal Dutch Shell, BP, Statoil – three of Europe’s biggest oil producers, and Platts – the oil-price data […]
Read moreMay 23, 2013 9:48 am
During the European morning trade on the Comex division of the New York Mercantile Exchange copper for July delivery fell 2,3% on the day and traded at $3,302 a pound. Copper price was strongly influenced by the Advance Manufacturing Purchasing Managers’ Index for China, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator […]
Read moreMay 23, 2013 9:10 am
Brent crude fell today to a three-week low below $101 together with other commodities as WTI crude, silver, platinum and palladium following negative economy information about Chinas factory activity. The Advance Manufacturing PMI for China for May, conducted by Markit Economics and HSBC Holdings Plc, dropped to 49,6, which is a negative value as 50 […]
Read moreMay 23, 2013 8:07 am
Data showed that Chinese manufacturing slowed down for the first time in seven months, which caused equities to drop, thus increasing golds attractiveness as a haven for wealth preservation and boosted its demand. Following an earlier decline, the precious metal rose by 0,5% and traded at $1 376,86 at 2.06 pm in Singapore. The Advance […]
Read moreMay 23, 2013 7:02 am
WTI crude fell for a third day on Wednesday following official data by the U.S. Energy Information Administration, which stated that cure reserves decreased less than expected and gasoline stockpiles rose way more than forecast. Crude reserves fell by 338 000 barrels, compared to a 778 000 barrels decline expectation. Gasoline stockpiles rose 3,02 million […]
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