Business Recorder

• Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March.
• Momentum is really quite astonishing right now. Copper is within striking distance of hitting the January high and that is probably acting as a magnet to the market.

• Forecasts show Midwest hot, dry spell less severe than feared.
• Corn, soy markets also weigh China tensions, await USDA report.
• Wheat supported by doubts over European harvest.

• Brent crude futures fell 10 cents, or 0.2%, to $42.98 a barrel by 0417 GMT.

• U.S. West Texas Intermediate (WTI) crude futures dropped 12 cents, or 0.3%, to $40.50 a barrel, holding to the narrow range of the past few weeks.

KARACHI: Gold prices on Tuesday marked the record high of Rs105900 per tola, up by Rs1000 on the local market,...

TOKYO: Tokyo Commodity Exchange (TOCOM) rubber futures edged higher to a three-week high on Tuesday, as a bull run ...

LONDON: Copper prices soared to their highest level in more than five months on Tuesday due to strong demand...

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, dragged by estimates of a jump in June production and...

LONDON: Raw sugar prices edged up on Tuesday after hitting a one-week low as oil prices slumped on fears over ...

SINGAPORE: Gold prices held steady near an eight-year high on Tuesday as investors weighed a spike in Covid-19 cases...

LONDON: Gold dipped on Tuesday as investors booked profits after bullion rallied to a near eight-year peak and as...

CHICAGO: US corn and soyabean futures eased on Tuesday as weather forecasts looked less threatening to America's...

NEW YORK: Gold bounced back on Tuesday, within a striking distance of the key $1,800 per ounce level, as a sharp ...

KARACHI: On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,459.

The traded value...

CHICAGO: Chicago Board of Trade (CBOT) soyabean futures touched a four-month high on Monday on worries about hot, ...

CHICAGO: Chicago Board of Trade corn futures rose on Monday on concerns that hot, dry weather in the US Midwest ...

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

• Cash copper trades at a premium to 3-month contract.
• Copper cancelled warrants at 47% of total LME stocks.

• Spot gold hits highest since November 2011.
• Platinum jumps 2.4%, hits near one-month high.
• Interactive graphic on spreading coronavirus.

• October raw sugar inched up 0.02 cents, or 0.2%, to 11.95 cents per lb at 1439 GMT, having hit a low of 11.78.
• September robusta coffee fell $12, or 1%, to $1,187 a tonne.

• Wheat futures slip after prior-session gains, tracking weakness in corn and soybeans and as the US dollar firmed.
• Corn down on forecasts for improved rains in parts of the US Midwest and generally favorable crop ratings.

• The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange settled down 32 ringgit, or 1.34%, at 2,359 ringgit a tonne.
• Lower crude oil makes palm a less attractive option for biodiesel feedstock.

• USDA reports US crops in reasonable condition.
• Soybeans state better than expected.
• Corn condition looking decent, wheat harvest progressing.

• U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.4%, to $40.46 a barrel at 0340 GMT, after earlier rising to as high as $40.79.

• Brent crude futures declined by 19 cents, or 0.4%, to $42.91, after hitting an intraday high of $43.19.

KARACHI: On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,406.

The traded value...

MUMBAI: Physical gold demand in top consumers China and India continued to struggle due to the COVID-19 pandemic ...

BANDAR LAMPUNG: Trade in Vietnam's coffee market ground to a virtual halt due to a lack of beans, while domestic...

NEW YORK: Gold on Monday edged toward a near 8-year high hit last week as a spike in coronavirus cases kept safety...

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

• Soybeans touched a four-month high at the Chicago Board of Trade.
• Corn traded near last week's 3-1/2 month peak.

• Benchmark copper on LME was up 1.7% at $6,118 a tonne at 1432 GMT.