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Markets - Commodities

Saturday, February 8, 2020

US MIDDAY: Gold surges
Commodities

US MIDDAY: Gold surges

Gold prices rose on Friday as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong US economic data. Spot gold rose 0.3% to $1,570.52 per ounce by 1842 GMT, but was down about 1.2% this week. It was o
Published 08 Feb, 2020 12:00am
US MIDDAY: Corn, wheat move up
Commodities

US MIDDAY: Corn, wheat move up

US corn and wheat futures rose on Thursday on chart-based buying and short-covering coupled with optimism about prospects for US agricultural export sales to China, traders said. Soyabean futures firmed but trailed the advances in grains. As of 12:53 p.m.
Published 08 Feb, 2020 12:00am
Gold gains in Europe
Commodities

Gold gains in Europe

Gold prices rose on Friday as fears of an economic slowdown from the coronavirus outbreak and lower interest rates globally offset strong US economic data. Spot gold rose 0.1% to $1,568.10 per ounce by 1532 GMT but was down about 1.3% this week. It was on
Published 08 Feb, 2020 12:00am
London cocoa price hits highest in over three years
Commodities

London cocoa price hits highest in over three years

Cocoa futures rose on Friday, with the London contract hitting its highest level in more than three years, supported by a slow-down in port arrivals. Meanwhile, white sugar prices climbed to a 2-1/2 year peak, and arabica coffee rose.
Published 08 Feb, 2020 12:00am
Palm oil clocks best week in three years
Commodities

Palm oil clocks best week in three years

Malaysian palm oil futures snapped a four-day winning streak on Friday as traders booked profits ahead of official data on supply and demand, but still ended the week with its best performance in more than three years. The benchmark palm oil contract for
Published 08 Feb, 2020 12:00am
Copper falls as spread of virus stokes demand worries
Commodities

Copper falls as spread of virus stokes demand worries

Copper prices fell on Friday on concerns that a rising death toll from the coronavirus in China could lead to a bigger hit to economic activity and metals' demand. Three-month copper on the London Metal Exchange (LME) ended 1.3% lower at $5,663 an ounce.
Published 08 Feb, 2020 12:00am
CBOT corn futures fall on firm dollar
Commodities

CBOT corn futures fall on firm dollar

Chicago Board of Trade corn futures ended lower on Thursday, shrugging off robust weekly export sales data as traders focused on a stronger US dollar and uncertain future demand, traders said.
Published 08 Feb, 2020 12:00am
CBOT soyabean futures firm on technical buying
Commodities

CBOT soyabean futures firm on technical buying

Chicago Board of Trade soyabean futures inched higher on Thursday for a fourth straight session on technical buying and bargain buying following multi-month lows set earlier this week, traders said.
Published 08 Feb, 2020 12:00am
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