12032016Sat
Last update: Sat, 03 Dec 2016 10pm

Markets - Commodities

Markets - Commodities - Europe

Gold edges lower on dollar and US rate prospects LONDON: Gold edged lower on Thursday as the dollar traded within reach of an almost 14-year high hit on positive US economic data, which increased expectations of the Federal Reserve increasing interest rates in December.Fed policymakers appeared confident on the eve of the US presidential election that the economy was strengthening enough to warrant rate increases soon, minutes from the central bank's Nov. 1-2 meeting showed.Spot gold was down 0.2 percent at $1,185.45 an ounce by 1300 GMT. It dropped 2 percent in the previous session and touched its lowest since Feb. 8 at $1,180.99 overnight.US gold futures eased by 0.1 percent to $1,188.10.With US markets closed for the Thanksgiving holiday, trade is expected to thin down later in the day.Spot prices have dropped nearly 12 percent from a high of $1,337.40 on Nov. 9, when Donald Trump was announced US president-elect. "The expectation that Trump's election would lead to ...

Markets - Commodities - Europe

Ukraine wheat exports up 9pc so far this season KIEV: Ukraine's wheat exports rose by 9 percent in the first four months of the 2016/17 July-June season to 8.24 million tonnes, analyst UkrAgroConsult said on Thursday. In October, the exports totalled 2.06 million tonnes, it said in a statement. "The period under review saw substantially higher deliveries to the markets of Bangladesh, Indonesia, Philippines, Libya, and Lebanon," UkrAgroConsult said. It added that the Indian market had absorbed over 8 percent of the total wheat ...

Markets - Commodities - Europe

Zinc at more than 8-year high on fund buying, fundamentals LONDON: Zinc prices jumped to their highest in more than eight years on Thursday and copper headed towards its 2016 peak as funds piled in on expectations of stronger demand and tighter supplies. Benchmark zinc on the London Metal Exchange traded up 1.3 percent at $2,706 a tonne in official rings, off an earlier $2,749, its highest since March 2008. The metal used to galvanise steel has gained nearly 90 percent since a 6-1/2 year ...

Markets - Commodities - Asia

TOCOM hits 1-1/2-year high on yen's dip, firmer Shanghai TOKYO: Benchmark Tokyo rubber futures surged for a third straight session on Thursday to hit their highest levels since June 2015, as a sharp fall in the yen against the dollar and firmer Shanghai futures prompted a flurry of buying, dealers said.The Tokyo Commodity Exchange (TOCOM) rubber contract for April delivery finished up 9.3 yen, or 4.1 percent, at 238.8 yen ($2.11) per kg. Earlier in the session, it touched its highest level since June ...

Markets - Commodities - Asia

Palm surges 5 pct to 4-year high, tracking CBOT soyoil rally JAKARTA: Malaysian palm oil futures rose nearly 5 percent on Thursday to a four-year high, tracking a rally in soyoil on the Chicago Board of Trade (CBOT) on latest US government biodiesel requirements.Weakness in the ringgit against the dollar also helped palm oil as it makes the tropical oil cheaper for foreign buyers. The Malaysian currency touched its lowest since Sept. 30, 2015, tracking slides in most government bond prices.Benchmark palm oil futures for February ...

Markets - Commodities - Americas

ICE Canada canola futures jump with soyoil on US biofuels targets WINNIPEG: ICE Canada canola futures jumped 1.5 percent on Wednesday, hitting its highest most active price since May, taking strength from a soyoil rally after the United States boosted 2017 biofuels requirements.The US government issued final requirements for biofuel use for next year, saying energy companies must boost the amount of renewables in US fuel supply.January canola gained $7.80 at $528 per tonne.January-March canola spread traded 10,422 times.Chicago January soybeans rose following soyoil.NYSE Liffe February ...

Markets - Commodities - Americas

CBOT wheat ends lower on technicals, strong dollar CHICAGO: Wheat futures on the Chicago Board of Trade fell on Wednesday on technical selling ahead of Thursday's US Thanksgiving holiday and a stronger dollar, which tends to make US grains less attractive to those holding other currencies.The dollar surged to its highest in nearly 14 years on expectations of rate increases by the Federal Reserve next month and in 2017.CBOT December wheat settled down 5-3/4 cents at $4.01-1/2 per bushel.Prospects for deliveries against the ...