NEW YORK–Wide-scale selling amid technical cues and forecasts for favorable weather hit ICE U.S. Futures cotton hard Friday as the market reversed from a six-week high.
Most-active December cotton settled 287 points lower at 61.94 cents a pound, just short of an exchange-imposed daily trading limit, and the nearby October contract ended down 246 points [...]
Gold futures continued to correct lower Friday, initially falling as the euro slid but then staying on the defensive even when the dollar gave up its early gains.
December gold fell $7.30 to $991.60 an ounce on the Comex division of the New York Mercantile Exchange. December silver fell 23.5 cents to $16.06.
A trader characterized the [...]
NEW YORK–Support from bullish economic indicators and weather concerns boosted ICE Futures U.S. cotton to fresh one-month highs Thursday.
Most-active December cotton settled up 66 at 64.18 cents a pound, off of the 64.21 high, and the nearby Oct contract settled 54 higher at 62.66.
Cotton traded sideways to higher for most of the session amid buying [...]
Gold futures declined as participants booked profits amid the metal’s recent strong performance, but the commodity still managed to close above $1,000 an ounce.
December gold fell $6.70 to settle at $1,013.50 an ounce on the Comex division of the New York Mercantile Exchange.
“That’s definitely some profit-taking,” said Sterling Smith, market analyst with Country Hedging.
Some participants [...]
NEW YORK–Gold futures settled above $1,000 for the third consecutive trading session Tuesday, boosted by a weakening U.S. dollar and growing optimistic price sentiment as the metal continues holding around the psychologically important benchmark.
December gold rose $5.20 to settle at $1,006.30 an ounce on the Comex division of the New York Mercantile Exchange.
“It’s based on [...]
NEW YORK (Dow Jones)–Buying from speculative funds pushed ICE Futures U.S. cotton to fresh one-month highs Tuesday amid strong technical chart patterns and supportive outside market conditions.
Most-active December cotton settled up 81 at 63.02 cents a pound, off of the 63.64 high and the nearby October contract settled 96 higher at 61.42.
Cotton opened higher and [...]
NEW YORk–ICE Futures U.S. cotton rose modestly Friday on short covering as traders bought back previously sold positions, an analyst said. A slumping U.S. dollar and a rallying U.S. stock market also helped support cotton futures somewhat, he said.
Most-active December cotton settled up 39 points at 59.63 cents a pound. Nearby October contract settled 38 [...]
NEW YORK–Speculative liquidation in tandem with outside commodities and equities pressured ICE Futures U.S. cotton Tuesday.
Most-active December cotton settled down 139 points at 58.35 cents a pound and the nearby October contract also settled 139 lower at 56.37.
Cotton eased in light trade in early dealings, but jumped to resistance levels mid-session where speculative funds, which [...]
NEW YORK–Gold futures sank Monday as weaker equities damped inflation expectations and crude oil faltered, but the metal recovered some losses as the U.S. dollar weakened.
December gold fell $5.30 to settle at $953.50 an ounce on the Comex division of the New York Mercantile Exchange.
Declining equities can bring a “chill” of economic concern to the [...]
NEW YORK–Late commercial buying lifted ICE Futures U.S. cotton Monday in otherwise listless trade guided by outside markets.
Most-active December cotton settled up 140 points at 59.74 cents a pound and the nearby October contract settled 146 points higher at 57.76 cents.
Cotton eased in early dealings as outside markets were weaker. Speculators took profits as is [...]
