Archive for the November 3, 2005
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US copper futures rebounded from weakness and settled firmer on Tuesday in volatile trade with a stronger than expected US October ISM report giving some traders added incentive to buy, brokers said. "We had another
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Tokyo gold futures dropped 1 percent to a one-week low on Wednesday, pushed down by active profit-taking as the dollar's recent strength and falls in oil prices undermined overall sentiment. A weaker yen versus the
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Gold in New York dropped to a low not seen since mid-September in New York on Tuesday, pressured by speculative selling and a strong dollar before a much-anticipated hike in US interest rates, dealers said.
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Gold rose in Asia on Wednesday as physical demand resurfaced at lower levels and helped the metal reverse heavy losses sparked by fund selling in New York. Spot gold rose to $461.00/461.50 an ounce in
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Malaysian tin ended lower on Wednesday as sellers emerged after a rally in the past three day trading days and ahead of a two-day market closure, dealers said. The Kuala Lumpur Tin Market (KLTM) spot
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Oil prices moved sideways just below $60 a barrel on Wednesday, with traders on the sidelines ahead of US inventory data expected to show a rise in crude stocks. Warmer than usual weather in the
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Kenya's tea prices were mixed at this week's auction, with some grades easing on dipping quality, dealers said on Wednesday. Mombassa-based Africa Tea Brokers (ATB) said there was good demand for the 94,405 packages offered
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The Rice trade in Vietnam came to a standstill this week as a government ban on exports remained in place so the country could protect its food supplies. "Last month it was still possible to
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Copper futures were trapped in a tight range in Asian trading on Wednesday as traders refrained from taking fresh positions in the middle of the London Metal Exchange conference week. Tokyo players were mostly on
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Raw sugar prices finished on Tuesday at a five-week low on fund liquidation and the market could lose further ground as investors reduce their positions in the sweetener, brokers said. The New York Board of
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