GOLD TRADED A RECORD LOW AND NATURAL GAS TODAY’S OUTLOOK
Posted: Mon Jun 24, 2013 9:12 pm
Gold edged higher on Tuesday as the dollar weakened after two top Federal Reserve officials downplayed an imminent end to monetary stimulus.
Bullion is still down more than 7 percent since the start of last week due to worries over an early end to the Fed's USD 85 billion monthly bond purchases and a cash crunch in China.
Natural gas prices carried last week's losses into Monday after official data revealed the stockpiles in the U.S. rose more than expected in the week before last.
In the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD3.768 per million British thermal units, down 0.66%. The commodity hit a session low of USD3.745 and a high of USD3.843
The U.S. Energy Information Administration said in its weekly report late last week that natural gas storage in the U.S. in the week ended June 14 rose by 91 billion cubic feet, above market expectations for an increase of 90 billion. Read more… visit now… free commodity tips
Bullion is still down more than 7 percent since the start of last week due to worries over an early end to the Fed's USD 85 billion monthly bond purchases and a cash crunch in China.
Natural gas prices carried last week's losses into Monday after official data revealed the stockpiles in the U.S. rose more than expected in the week before last.
In the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD3.768 per million British thermal units, down 0.66%. The commodity hit a session low of USD3.745 and a high of USD3.843
The U.S. Energy Information Administration said in its weekly report late last week that natural gas storage in the U.S. in the week ended June 14 rose by 91 billion cubic feet, above market expectations for an increase of 90 billion. Read more… visit now… free commodity tips