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Markets - Commodities

Wednesday, February 19, 2020

US MIDDAY: Gold back above $1,600
Commodities

US MIDDAY: Gold back above $1,600

Gold surged over 1% on Tuesday to fetch more than $1,600 an ounce as Apple Inc's surprise warning about the impact of the coronavirus outbreak fueled concerns about global economic weakness, driving investors to lower-risk assets.
Published 19 Feb, 2020 12:00am
Rains in Ivory Coast cocoa regions bring patchy relief
Commodities

Rains in Ivory Coast cocoa regions bring patchy relief

Ample rainfall last week in some of Ivory Coast's cocoa-growing regions brought welcome relief following a dry spell that had threatened to deplete the upcoming mid-crop harvest, farmers said on Monday. But hot, arid conditions persisted elsewhere, deepen
Published 19 Feb, 2020 12:00am
Euronext wheat futures flat as US market closed
Commodities

Euronext wheat futures flat as US market closed

Euronext wheat futures were little changed on Monday as US markets were closed for a public holiday, while continued weakness in the euro kept attention focused on a favourable export trend for European supplies. Front-month March milling wheat on Paris-b
Published 19 Feb, 2020 12:00am
China's iron ore hits three-week high on lower port stocks
Commodities

China's iron ore hits three-week high on lower port stocks

Iron ore futures in China extended gains to a fifth straight session on Monday, underpinned further by data showing a drop in stocks of the steelmaking raw material at the country's ports, and after the central bank cut its medium-term lending rate.
Published 19 Feb, 2020 12:00am
Russian wheat export prices down for third week
Commodities

Russian wheat export prices down for third week

Russian wheat export prices registered a third consecutive weekly decline last week, hit by strong competition with other major exporters and a decline in global benchmarks in Chicago, analysts said on Monday. Egypt's state grain buyer bought 180,000 tonn
Published 19 Feb, 2020 12:00am
Malaysian palm oil falls
Commodities

Malaysian palm oil falls

Malaysian palm oil futures slid on Tuesday, as demand from second largest buyer China fell due to the coronavirus outbreak, while forecasts of higher February output further pressured prices.
Published 19 Feb, 2020 12:00am
Gold rises in Asia
Commodities

Gold rises in Asia

Gold prices rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc's revenue warning underscored the financial fallout of the coronavirus epidemic in China.
Published 19 Feb, 2020 12:00am
Gold hits 1-month peak in Europe
Commodities

Gold hits 1-month peak in Europe

Gold prices jumped 1% to a more than one-month high on Tuesday as a surprise sales warning from Apple Inc highlighted the impact of the coronavirus outbreak on global economy and drove investors to seek lower-risk assets.
Published 19 Feb, 2020 12:00am
US MIDDAY: Wheat rallies
Commodities

US MIDDAY: Wheat rallies

US wheat futures surged 2.9% on Tuesday, on track for their biggest gain in two months, as cuts to the harvest outlook in Australia bolstered prospects for US exports, traders said.
Published 19 Feb, 2020 12:00am
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