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Stronger dollar and new COVID-19 cases drag metals lower
Commodities

Stronger dollar and new COVID-19 cases drag metals lower

  • Investors fretting about the impact of a sharp rise in cases in Europe kept the dollar near two-month highs.
  • Three-month copper on the London Metal Exchange was down 0.8% at $6,551 a tonne at 1650 GMT after touching its lowest since Aug. 18.
Published 24 Sep, 2020 11:53pm
Ghana raises 2020/21 cocoa farmgate price by 28pc
Commodities

Ghana raises 2020/21 cocoa farmgate price by 28pc

  • The increase for the 2020/21 season, which begins on Oct. 1, is in line with an expected rise in neighbouring Ivory Coast.
  • The price rises are largely due to implementation by the two governments of a price floor of $2,600 per tonne.
Published 24 Sep, 2020 11:42pm
Commodities

Gold slides

KARACHI: Gold on Wednesday slid by Rs700 to Rs114000 per tola on the local market, traders said. The yellow metal...
Published 24 Sep, 2020 02:47am
Commodities

CBOT corn futures lower

CHICAGO: Chicago Board of Trade corn futures ended lower again on Tuesday after dropping from a six-month high a day...
Published 24 Sep, 2020 02:47am
Commodities

Copper prices plummet

LONDON: Copper prices fell sharply on Wednesday as the dollar strengthened, and the slowing pace of the metal’s...
Published 24 Sep, 2020 02:47am
Commodities

Japan rubber futures fall

TOKYO: Japanese rubber futures fell almost 3 percent, dropping from a near three-week high hit last week, after data...
Published 24 Sep, 2020 02:47am
US wheat futures fall as dollar rallies
Commodities

US wheat futures fall as dollar rallies

  • K.C. hard red winter wheat futures and MGEX spring wheat futures also posted lower closes.
  • A weekly USDA report on Thursday morning was expected to show wheat export sales in a range from 250,000 tonnes to 600,000 tonnes.
Published 24 Sep, 2020 12:42am
Paris wheat ticks lower in pause after rally
Commodities

Paris wheat ticks lower in pause after rally

  • A fall in the euro to its lowest level since late July against the dollar limited the drop on Euronext.
  • The contract had risen on Tuesday to 195.75 euros, its highest since April 23, but faced chart resistance around that level.
Published 23 Sep, 2020 11:52pm