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Markets - Commodities

Friday, April 24, 2020

US MIDDAY: Gold jumps
Commodities

US MIDDAY: Gold jumps

Gold prices jumped as much as 1.5% to more than a one-week high on Thursday, emboldened by hopes of more stimulus from the United States as a coronavirus-led lockdown takes a toll on the world's largest economy and its labour market.
Published 24 Apr, 2020 02:52am
Gold scales over 1-week peak in Europe
Commodities

Gold scales over 1-week peak in Europe

Gold prices jumped about 1% to more than a one-week high on Thursday, emboldened by hopes of more stimulus from the US Federal Reserve as a coronavirus-led lockdown takes a toll on the world's largest economy and labor market.
Published 24 Apr, 2020 02:52am
Gold down in Asia
Commodities

Gold down in Asia

Gold edged lower on Thursday as investors booked profits from sharp gains in the previous session, but prices held above the $1,700 an ounce level on the promise of more US stimulus measures to ease the economic blow from the coronavirus crisis.
Published 24 Apr, 2020 02:52am
Raw sugar edges higher
Commodities

Raw sugar edges higher

Raw sugar futures on ICE edged higher on Thursday, boosted partly by gains in crude oil, while coffee prices also advanced but cocoa eased slightly.
Published 24 Apr, 2020 02:52am
Palm oil climbs 2 percent
Commodities

Palm oil climbs 2 percent

Malaysian palm oil futures ended 2% higher on Thursday, tracking a rebound in crude oil and gains in rival soyabean oil, with bargain buying after palm fell to near 9-month lows further boosting prices.
Published 24 Apr, 2020 02:52am
Rubber jumps
Commodities

Rubber jumps

Tokyo rubber prices rose nearly 3% on Thursday, tracking Shanghai futures and oil prices after more stimulus was promised by the US government to combat the coronavirus pandemic.
Published 24 Apr, 2020 02:52am
Copper follows oil higher, demand outlook shaky
Commodities

Copper follows oil higher, demand outlook shaky

Copper prices rose on Thursday alongside oil, but analysts said the gains are unlikely to be sustained as poor demand prospects are likely to be reinforced by data showing further economic deterioration due to the coronavirus pandemic.
Published 24 Apr, 2020 02:52am
CBOT corn futures rise on short-covering
Commodities

CBOT corn futures rise on short-covering

Chicago Board of Trade corn futures rebounded from a 10-1/2-year low on Wednesday, rising 2.4% on a round of short-covering traders said. Technical resistance for the benchmark CBOT July corn contract was noted at its 10-day moving average. Support from o
Published 24 Apr, 2020 02:52am
Euronext wheat mixed as spot futures cool
Commodities

Euronext wheat mixed as spot futures cool

Euronext wheat was mixed on Wednesday as spot futures eased after this week's export-fuelled surge and new-crop prices edged higher due to continuing dry weather in much of Europe. Front-month May milling wheat on the Paris-based Euronext exchange settled
Published 24 Apr, 2020 02:52am
PMEX daily trading report
Commodities

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,426. The traded value of metals, energy and COTS/FX was recorded at PKR 5.289 billion and the number of lots traded was 18,123.
Published 24 Apr, 2020 02:52am
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