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Markets - Commodities

Wednesday, March 4, 2020

US MIDDAY: Gold soars over 3 percent
Commodities

US MIDDAY: Gold soars over 3 percent

Gold surged over 3% on Tuesday after the US central bank cut interest rates to help cushion the economic damage caused by the coronavirus outbreak and on expectations of policy easing by other major central banks.
Published 04 Mar, 2020 12:00am
Copper pulls back from one-week high
Commodities

Copper pulls back from one-week high

Copper tripped into the red on Tuesday, retreating from its highest level in more than a week, despite news of an emergency cut in US interest rates and hopes about more stimulus spending.
Published 04 Mar, 2020 12:00am
Palm oil up over 2pc
Commodities

Palm oil up over 2pc

Malaysian palm oil futures jumped over 2% on Tuesday on hopes of a recovery in demand from China and India, following the ouster of prime minister Mahathir Mohamad, whose criticisms about India had soured palm oil trade with the country.
Published 04 Mar, 2020 12:00am
China's Jingye to seal British Steel rescue next week
Commodities

China's Jingye to seal British Steel rescue next week

Chinese industrial giant Jingye Group on Tuesday said it would next week finally complete on its takeover of British Steel, including its Dutch operations - but not its small French unit. The announcement, which will preserve 3,200 jobs out of around 5,00
Published 04 Mar, 2020 12:00am
China's iron ore futures hit upside limit
Commodities

China's iron ore futures hit upside limit

China's iron ore futures hit the upside limit on Monday as declining stockpiles at ports indicated steel mills' improving appetite for the raw material, while expectations grew Beijing will roll out further support for its paralysed economy.
Published 04 Mar, 2020 12:00am
EU wheat futures fall to 2-1/2-month low
Commodities

EU wheat futures fall to 2-1/2-month low

European wheat futures fell again on Monday to a 2-1/2 month low as technical selling in Chicago wheat and a jump in the euro offset a wider rebound in financial markets following last week's rout. Benchmark May milling wheat on the Paris-based Euronext s
Published 04 Mar, 2020 12:00am
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