Europe
Monday, 28 January 2013 20:03
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LONDON: Gold tiptoed lower on Monday as investors remained cautious ahead of an eagerly awaited US Federal Reserve meeting, which should disclose more details on the Fed's quantitative easing policy.
Platinum group metals held up, with spot palladium hitting repeated 16-month highs, buoyed by signs of a brighter global economic outlook that is expected to boost demand for industrial metals.
Spot gold inched down 0.1 percent to $1,656.40 an ounce by 1310 GMT, after dropping 1.5 percent last week, its sharpest weekly loss in a month. It fell earlier to a two-week low of $1,653.04.
US gold futures for February delivery were down 0.6 percent to $1,656.10.
"The market is on hold ahead of the US Federal Reserve's meeting, and expects comments on further quantitative easing measures," MKS Finance's head of marketing Frederic Panizzutti said.
"Today's trade (is) pretty quiet, with gold players watching euro-dollar movements, looking for any indication of what is going to ...
LONDON: Copper was little changed on Monday as investors waited for more confirmation of improved economic trends in the US, Europe and China, and remained mindful that supplies look set to grow strongly this year.
Underpinning the metal, the head of China's sovereign wealth fund said on Saturday that China's economy, which grew at 7.9 percent in the fourth quarter, could pick up pace to more than 8 percent in 2013.
China accounts for 40 percent of ...
MOSCOW: Russian wheat stocks at farms, procurement and processing companies, excluding small farms, fell 40 percent for the last year to 13.3 million tonnes as of Jan. 1, SovEcon agricultural analysts said on Monday, citing data from the Federal Statistics Service.
Hot and dry weather in 2012 slashed the wheat harvest by a third in Russia, historically the number three world exporter, prompting it to finish its harvest campaign early, and quickly depleting its stocks and ...
ROTTERDAM: The European vegetable oils market eased on Thursday, following CBOT soycomplex futures on forecasts for beneficial weather in South American soybean-growing areas.
* At 1730 GMT CBOT soyoil futures were between 0.06 and 0.25 cents per lb down on calls for beneficial weather in South America.
* Liquid oils - soyoil, rapeoil and sunoil - were offered between 5 and 12 euros down in sympathy with CBOT soyoil on expectations that good weather in South America ...
ROTTERDAM: Soymeal on the European meals and feeds market was offered substantially lower on Thursday following a dip in Chicago on forecasts for good weather in the South American soybean belt.
* "With the worries for drought in South America fading, prices came down, and that kept most buyers on the European cash markets still on the sidelines, waiting for prices to drop further as old crop material still makes about $70 premium over new crop ...
HAMBURG: An Italian buyer has purchased 3,000 tonnes of Ukrainian soybeans for February shipment, European traders said on Thursday.
Price was $575 a tonne c&f free out (ciffo) with shipment to an Italian Adriatic port, traders said.
Ukraine has been steadily expanding its soybean cultivation in past years and is increasing its export sales in competition to traditional soybean suppliers such as the United States, Brazil and Argentina.
Copyright Reuters, 2013 ...
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