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Archive

Markets - Commodities

Thursday, December 15, 2016

Gold slides to 10-month low on post-Fed dollar surge
Commodities

Gold slides to 10-month low on post-Fed dollar surge

LONDON: Gold hit its lowest since early February on Thursday after the Federal Reserve sounded an unexpectedly hawkish note on US interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high.
Published 15 Dec, 2016 03:50pm
Cocoa futures fall back on strong dollar, port arrivals
Commodities

Cocoa futures fall back on strong dollar, port arrivals

LONDON: New York cocoa futures fell back on Thursday after three days of gains, following the US Federal Reserve's increase in interest rates which strengthened the dollar, making commodities denominated in the currency relatively more expensive.
Published 15 Dec, 2016 03:48pm
TOCOM soars to 3-year high as speculators keep buying
Commodities

TOCOM soars to 3-year high as speculators keep buying

TOKYO: Benchmark Tokyo rubber futures surged to three-year highs on Thursday, extending gains into a fifth session, as speculators stayed on buying spree, but the market cut some of earlier gains as Shanghai came under pressure in late trade due to profit
Published 15 Dec, 2016 10:26am