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Archive

Markets - Commodities

Tuesday, January 7, 2020

Gold hits fresh peak
Commodities

Gold hits fresh peak

Gold on Monday surged to record high on the local market hitting Rs93,400 per tola with a mammoth single-day increase of Rs2,600, traders said.
Published 07 Jan, 2020 12:00am
Gold surges on Mideast risk but stocks pare losses
Commodities

Gold surges on Mideast risk but stocks pare losses

Gold prices shot to almost seven-year highs on Monday as a spike in US-Iranian tensions spurred demand for safe-haven assets and pushed a gauge of global equity markets lower, but shares on Wall Street rebounded on a less worrisome view of events.
Published 07 Jan, 2020 12:00am
CBOT soyabean futures slide on Middle East tensions
Commodities

CBOT soyabean futures slide on Middle East tensions

Chicago Board of Trade soyabean futures slid on Friday as rising Middle East tensions fueled profit-taking and increased uncertainty, analysts said. Selling hit markets after a US air strike in Baghdad killed Tehran's most prominent military commander.
Published 07 Jan, 2020 12:00am
Dryness hits Brazil's summer corn crop
Commodities

Dryness hits Brazil's summer corn crop

Brazil's Rio Grande do Sul, the country's No. 3 grain-producing state, said that its summer corn crop will have problems due to lack of rains in recent weeks in parts of the state.
Published 07 Jan, 2020 12:00am
CBOT wheat futures fall
Commodities

CBOT wheat futures fall

Chicago Board of Trade (CBOT) wheat futures fell on Friday as technical selling and profit-taking hit the market amid uncertainty over rising tensions in the Middle East, analysts said. Wheat was due for a setback, analysts said, after the most-active CBO
Published 07 Jan, 2020 12:00am
European wheat prices fall after six-month high
Commodities

European wheat prices fall after six-month high

European wheat prices dipped on Friday after hitting a six-month high in the previous session, pressured by falling US markets. Benchmark March milling wheat on Paris-based Euronext, was down 0.5% by 1640 GMT to 188.50 euros a tonne. It had risen as high
Published 07 Jan, 2020 12:00am
Morocco seeks US durum wheat
Commodities

Morocco seeks US durum wheat

Morocco's state grains agency ONICL has issued a tender to import about 354,000 tonnes of US-origin durum wheat under a preferential tariff import quota, European traders said on Friday. The result of the tender will be decided on January 9.
Published 07 Jan, 2020 12:00am
Canadian canola futures lower
Commodities

Canadian canola futures lower

ICE Canadian canola futures closed lower on Friday, with the most-active March contract retreating from a two-month high in sympathy with declines in Malaysian palm oil and US soyaoil futures, traders said.
Published 07 Jan, 2020 12:00am
US MIDDAY: Gold soars
Commodities

US MIDDAY: Gold soars

Gold surged on Monday to a near seven-year high as the US killing of a top Iranian commander caused fears of a wider conflict in the Middle East. Palladium surpassed $2,000 an ounce for the first time.
Published 07 Jan, 2020 12:00am
China's iron ore futures rise to five-month high
Commodities

China's iron ore futures rise to five-month high

Iron ore futures rose for a fifth straight session on Friday, with the benchmark Chinese index hitting its highest in five months, after data showed Brazil's exports of the steelmaking raw material shrank in December.
Published 07 Jan, 2020 12:00am
Copper hovers near eight-month high
Commodities

Copper hovers near eight-month high

Copper edged higher on Monday as a rise in oil prices offset softer Chinese economic data and an escalation in tension between the United States and Iran, analysts said.
Published 07 Jan, 2020 12:00am
Tokoy rubber starts year on positive footing
Commodities

Tokoy rubber starts year on positive footing

Tokyo Commodity Exchange (TOCOM) futures started the year on a positive tone on Monday, hitting an about 3-week high, as investors expected synthetic rubber prices to rise due to higher oil prices amid escalating tensions in the Middle East.
Published 07 Jan, 2020 12:00am
Malaysian palm oil falls
Commodities

Malaysian palm oil falls

Malaysian palm oil futures fell sharply on Monday as buyers hedged against the risk of rising Mideast tensions disrupting export shipments and as higher margin requirements kicked in on the Bursa Malaysia Derivatives Exchange (BMD).
Published 07 Jan, 2020 12:00am
Raw sugar up, coffee and cocoa fall
Commodities

Raw sugar up, coffee and cocoa fall

Raw sugar futures on ICE rose on Monday, boosted by further gains in crude oil as tensions in the Middle East simmered after a US air strike in Baghdad killed the head of Iran's elite Quds force.
Published 07 Jan, 2020 12:00am
Gold rises in Asia
Commodities

Gold rises in Asia

Gold surged close to a seven-year peak on Monday, as investors flocked to the safe-haven metal on escalating US-Iran tensions, while palladium surpassed the level of $2,000 to hit a record high.
Published 07 Jan, 2020 12:00am
Gold surges in Europe
Commodities

Gold surges in Europe

Gold prices surged on Monday as the US killing of a top Iranian military commander triggered fears of a wider conflict in the Middle East, prompting a rush to the metal's safety, while palladium soared past $2,000 an ounce for the first time.
Published 07 Jan, 2020 12:00am
US MIDDAY: Soyabeans bounce
Commodities

US MIDDAY: Soyabeans bounce

US soyabean futures rebounded on Monday from steep declines in the previous session as hopes for improved exports to China outweighed worries about rising tensions in the Middle East.
Published 07 Jan, 2020 12:00am