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Archive for  November 2005

  • Platinum futures rose on Monday, closing at over $1,000 an ounce for the first time since March 1980, the month the price for the metal, needed for removing pollutants from automobile exhaust, hit a record

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    • News Desk
    • Nov 30th, 2005
    • Comments Off on Tokyo gold drops first time in two weeks

    Tokyo gold futures fell more than one percent on Tuesday as investors collected profits after a rise of over 10 percent in two weeks, but the trend stayed strong as the dollar-based price rose above

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    • News Desk
    • Nov 30th, 2005
    • Comments Off on Gold above $500 in Asia, platinum breaches $1,000

    Gold topped $500 an ounce in Asia on Tuesday for the first time since December 1987 as dealers said funds had diversified into precious metals on worries about inflation and geopolitical tensions. Platinum breached the

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  • Shanghai copper futures closed up moderately on Tuesday, buoyed by a rise on the London Metal Exchange, but traders said room for further gains would be limited. Caution prevailed as the market awaited the outcome

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    • News Desk
    • Nov 30th, 2005
    • Comments Off on Oil hovers just above $57 on mild weather

    Oil prices hovered just above $57 a barrel on Tuesday after declining more than $1 in the previous session, pressured by balmy weather in the United States and Opec ministers' commitment to keep crude output

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  • US copper futures finished with sizeable gains on Monday, racing to new highs in a catch-up rally that chased London prices up and led to stop-loss buy orders being set off, traders said. The Comex

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  • Mid-crop supplies from Indonesia's main cocoa growing belt in Sulawesi are shrinking and this year's shorter harvest may cut output by 30 percent from the average 40,000 tonnes, traders said on Tuesday. Daily bean arrivals

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    • News Desk
    • Nov 30th, 2005
    • Comments Off on New York sugar ends near eight-year peak

    Raw sugar prices rocketed up on robust fund buying to finish on Monday at their highest level in nearly eight years, and the bullish mood in the market shows no sign of easing in the

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    • News Desk
    • Nov 30th, 2005
    • Comments Off on Soyabeans turnaround late to close firm

    Soyabean futures at the Chicago Board of Trade rebounded late on Monday to close near the highs as late buying by commission houses triggered a wave of short covering by local traders, floor traders said.

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  • Malaysian tin was up a notch on Tuesday after a slight rebound in the London price prompted light buying in the local market which closed flat the previous day. Spot tin on the Kuala Lumpur

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