Archive for the November 11, 2005
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New York platinum futures rose to a 26-year high on Wednesday as funds piled on bets that growing commercial demand for platinum group metals would keep prices rising. Sister-metal palladium rose more steeply. Both are
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Gold decoupled from currency markets on Thursday to post sharp gains in the face of a rising dollar, reasserting its safe-haven investment status. A stronger dollar has weighed heavily on gold prices in recent weeks
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Nearby Shanghai copper futures crept up on Thursday, despite the State Reserves Bureau's upcoming sale, while futures from January on were pressured by forward selling. The SRB will auction 20,000 tonnes of copper on November
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Oil prices slid to a new 15-week low near $58 on Thursday after a big increase in US crude stocks added pressure to a market already reeling from lacklustre demand growth and mild weather. US
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Indonesian rubber was in demand as tyre manufacturers bought the commodity on price dips, but there was little interest from main consumer China as importers there waited for a possible change in import taxes. Tyre-grade
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Rough rice futures at the Chicago Board of Trade slid on Wednesday as speculators liquidated long positions before USDA's monthly crop report on Thursday, traders said. November rice closed 17 cents lower at $7.32 and
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Raw sugar futures closed at an eight-day low on Wednesday, succumbing to light fund selling late in a listless session. The New York Board of Trade's key March raw sugar contract eased 0.08 cent to
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Chicago Board of Trade soyabean futures rose on Wednesday on a technical bounce before the government releases its monthly crop report on Thursday, traders said. The January contract closed 3 cents up at $5.88-1/2 per
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Malaysia's crude palm oil futures rose in heavy volume on Thursday as players covered short positions, dealers said. The benchmark third-month January crude palm oil contract on Bursa Malaysia Derivatives settled up 8 ringgit at
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Indian soyaoil futures fell on Thursday because of strong market arrivals and wheat prices rose on concerns over lower stocks, brokers said. Sugar slipped as the country is expecting a bumper cane crop and crushing
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