Natural gas advances for a second day on heat wave in central U.S.

Source: Bloomberg
© Scanpix/AFP
Natural gas futures added for a second day in New York on hotter-than-usual weather forecasts in the central U.S. Gas gained 1.6% as higher than normal temperatures were predicted in the Midwest through September 5. September delivery natural gas soared 1.2% reaching $3.501 per million BTU as of 9:19 a.m. on the New York Mercantile Exchange.
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Thu, 22 Aug 2013 15:12:08 GMT

Gold jumps as Dollar corrects following jobs report

Gold futures advanced on Thursday after the U.S. Dollar stopped appreciating following lower-than-expected U.S. jobless claims. Gold increased 0.48% to $1,376.80 per ounce and silver futures climbed 1.11% to $23.220 per ounce. The U.S. currency index retreated 0.47% to 81.597. The Bank of America forecasts that prices for bullion will be at $1,495 per ounce in the fourth quarter.

Thu, 22 Aug 2013 15:03:04 GMT

House costs jumped 7.7% in year through June, FHFA says

U.S. house costs increased 7.7% in the year through June, prolonging a rebound that's boosting more homeowners to sell their properties. Prices advanced 0.7% from May, which attracts more sellers to the market and pushes prices up. Diggle's company forecasts that prices will ease to 4% for 2014. The FHFA's data indicated home prices rose 17% from a year earlier

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