- Gold futures edged lower in Europe trade on Wednesday, as investors looked ahead to testimony from Federal Reserve Chair Janet Yellen later in the day forfurther clarity on the pace of future interest rate hikes. Yellen is scheduled to testify on the economy before the House Financial Services Committee at 15:00GMT, or 10:00AM ET, Wednesday.
- Natural Gas futures slid by more than 1 per cent in the domestic market on Tuesday as investors and speculators resorted to profit booking in the energy commodity at existing levels after prices surged by more than 4.5 percent in the previous session as forecasts for cold weather across parts of the US over the next two weeks bolstered the demand outlook for the heating fuel.
- West Texas Intermediate oil futures rebounded from the prior session’s steep decline in Europe trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a slower pace than expected last week.The U.S. Energy Information Administration will release its weekly report on oil supplies at 15:30GMT, or 10:30AM ET, amid expectations for a gain of 3.6 million barrels.
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