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Archive for  February 2005

  • Kansas City Board of Trade hard red winter wheat futures settled lower on Wednesday in an extension of Tuesday's setback, with spreading the feature of the day, traders said. The market flirted with contract lows

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on New York coffee backs off five-year high

    Benchmark arabica coffee futures retreated from recent five-year highs and a new contract peak on Wednesday after short-term speculators banked profits, traders and brokers said. "There was some buying this, and in the end we

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Comex copper ends lower on profit-taking

    US copper futures fell sharply on Wednesday as some players became disappointed at the lack of Chinese buying and took profits, but prices erased some losses by the close as the dollar turned lower, traders

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on New York gold ends off session low as euro recovers

    US gold futures finished down but off session lows on Wednesday as the euro recouped its losses after investors digested testimony from Federal Reserve Chief Alan Greenspan. "It was mainly currency-driven, following the euro, which

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Tokyo gold climbs to 1-1/2-month peak, hits barrier

    Tokyo gold futures advanced to a fresh 1-1/2 month high on Thursday but gains were capped by light profit-taking as the market lacked fresh incentives to convince fund operators to build more long positions. Traders

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Gold steady in Asia, weak Tocom hits platinum

    Gold traded in a tight range in Asia on Thursday as wary investors eyed the dollar after Federal Reserve Chairman Alan Greenspan pointed to further probable increases in US interest rates. Spot gold was at

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  • London Metal Exchange copper fell in Asia on Thursday as Chinese traders liquidated their long positions, supporting market expectations the red metal had reached its peak and was set to consolidate lower, traders said. Three-month

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  • Tin fell 1 percent in Malaysian trade on Thursday, tracking a drop in the London price, but dealers said the local market appeared strong enough to climb to $8,000 a tonne in coming weeks. Spot

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Oil extends gains above $48 on Opec’s statement

    Oil prices added to strong gains on Thursday, spurred by persistent Opec talk of a cut in supplies ahead of the second quarter that could drain healthy US stockpiles before summer. US light crude rose

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    • News Desk
    • Feb 18th, 2005
    • Comments Off on Bulging grain stocks may prompt Asia to move slowly

    With world feed grain prices dropping everyday, Asian buyers are increasingly facing a dilemma whether to strike deals now or wait for still lower prices. And this may be slowing business volumes in Asia in

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