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Archive for  August 2004

  • Comex gold recovered from a two-day drop on Wednesday, ending higher after worries that extremists were behind a pair of Russian plane crashes on Tuesday rekindled interest in safe-haven investments. December gold settled up $5

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    • News Desk
    • Aug 27th, 2004
    • Comments Off on Gold edges down in Asia, shrugs off oil

    Gold was softer in Asia on Thursday and trapped in a $1 range after safe-haven buying that had lifted the precious metal in New York began to subside, traders said. The metal has also turned

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  • Shanghai copper futures rose on Thursday on light technical buying, but sentiment remained cautious as investors awaited clearer leads from the London Metal Exchange. Shanghai's most active contract, December ended 120 yuan higher at 25,880

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    • News Desk
    • Aug 27th, 2004
    • Comments Off on Oil prices may come down as supply fears ease

    US oil prices nudged higher on Thursday after plunging almost 4 percent a day earlier and dealers expected further falls as supply concerns eased. US light crude gained 15 cents to $43.62 a barrel, after

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  • Cocoa butter prices firmed in Asia this week as chocolate makers began stocking up for Christmas, while a prolonged dry spell in Indonesia raised concern about the new crop, traders said on Thursday. Prices or

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    • News Desk
    • Aug 27th, 2004
    • Comments Off on Texas cotton in great shape, but needs heat

    Cotton growers in Texas, the top producing area in the United States, are expecting a good crop although some areas need warm weather so the plant can mature, according to a report. "All in all,

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    • News Desk
    • Aug 27th, 2004
    • Comments Off on Asian wheat buyers may go slowly as supplies grow

    With strong signs that the world will produce a bumper wheat crop this year, Asian grain buyers may increasingly drag their feet on signing deals in an effort to put pressure on suppliers to cut

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    • News Desk
    • Aug 27th, 2004
    • Comments Off on New York sugar rises on buying by small speculators

    Raw sugar futures finished higher on Wednesday on buying by small speculators as the market rebounded after easing to an eight-week low, with the sweetener seen drifting due to a lack of news, brokers said.

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    • News Desk
    • Aug 27th, 2004
    • Comments Off on Soyabeans mostly up on late speculative short covering

    Chicago Board of Trade soyabeans ended higher on Wednesday on late speculative short covering and fears about freeze damage to Minnesota soya fields after a break on faltering US cash prices, brokers said. Minnesota, the

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    • News Desk
    • Aug 27th, 2004
    • Comments Off on Tokyo rubber lower on long-liquidation

    Tokyo rubber futures tumbled on Thursday, marking a one-month low as technical trends prompted long-liquidation amid increasingly bearish sentiment. The new benchmark February 2005 contract on the Tokyo Commodity Exchange settled at 135.6 yen per

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