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Markets - Commodities

Thursday, February 6, 2020

US MIDDAY: Gold rebounds on bargain hunting
Commodities

US MIDDAY: Gold rebounds on bargain hunting

Gold rose on Wednesday on bargain hunting, reversing course from a two-week low touched earlier, as investors latched on to the metal's overall uptrend on the back of a low interest rate environment globally and lingering uncertainties.
Published 06 Feb, 2020 12:00am
Tokyo rubber rises
Commodities

Tokyo rubber rises

Tokyo Commodity Exchange (TOCOM) futures inched higher on Wednesday as a rally in Shanghai futures helped improve investor sentiment. TOCOM's rubber contract for July delivery finished 0.3 yen higher at 175.0 yen ($1.60) per kg. The most-active rubber con
Published 06 Feb, 2020 12:00am
Gold steadies in Europe
Commodities

Gold steadies in Europe

Gold prices steadied after touching their lowest in two weeks on Wednesday, as reports of drug breakthroughs in treating the coronavirus lifted European shares and dented some of bullion's safe haven appeal. Spot gold was little changed at $1,551.97 per o
Published 06 Feb, 2020 12:00am
Gold gains in Asia
Commodities

Gold gains in Asia

Gold prices rose on Wednesday, recovering from a sharp drop in the previous session, as safe-haven demand was boosted by worries over a fast-spreading coronavirus outbreak in China. Spot gold gained 0.6% to $1,561.62 per ounce by 0801 GMT, after declining
Published 06 Feb, 2020 12:00am
Raw sugar steadies, arabica coffee down
Commodities

Raw sugar steadies, arabica coffee down

Raw sugar futures on ICE steadied on Wednesday, having hit a two-year high in the previous session on dwindling output, while arabica coffee sank to a three-month low. March raw sugar ??was down 0.01 cents, or 0.1%, at 14.71 cents per lb by 1539 GMT, havi
Published 06 Feb, 2020 12:00am
Palm oil jumps five percent
Commodities

Palm oil jumps five percent

Malaysian palm oil futures rebounded from last week's sharp fall with a 5.1% jump on Wednesday, lifted by expectations of a steep drop in January production and strength in rival soyaoil. The benchmark palm oil contract for April delivery on the Bursa Mal
Published 06 Feb, 2020 12:00am
Copper jumps to one-week high
Commodities

Copper jumps to one-week high

Copper prices rebounded to their highest level in more than a week on Wednesday as investors unwound bearish positions after the central bank in China, the world's biggest metals consumer, pumped stimulus into its economy.
Published 06 Feb, 2020 12:00am
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