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Archive for the May 12, 2017

  • Gold turned lower but held above the previous day's eight-week low on Wednesday as US President Trump's abrupt firing of FBI chief James Comey weighed on US stocks, though gains were capped by expectations of

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  • Gold edged up on Thursday as the US dollar weakened, although the prospect of a US rate increase in June kept prices just above eight-week lows hit earlier this week. Spot gold was up 0.2

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  • Gold rose on Thursday as European and US stock markets retreated, though it pared gains after data showing a tightening jobs market and accelerating inflation lifted the dollar and pulled US bond yields from earlier

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  • US soyabean futures hit a 1-1/2-week low on Thursday, pressured by follow-through weakness after Wednesday's poor technical close and some farmer selling, analysts said. Corn futures sagged as forecasts called for improving weather in the

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    • News Desk
    • May 12th, 2017
    • Comments Off on US MIDDAY: gold holds off eight-week lows

    Gold rose on Thursday as US and European stock markets retreated, though it pared gains after data showing a tightening jobs market and accelerating inflation briefly lifted the dollar and pulled US bond yields from

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    • News Desk
    • May 12th, 2017
    • Comments Off on Cotton futures surge over three percent on fund buying

    ICE cotton futures soared over 3 percent on Thursday, propped up by fund buying after hitting a one-month low in the previous session. A large number of contracts were sold in a very short period

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  • Shanghai copper traded lower on Thursday as investors turned to equities and oil, where a US-led rally was spilling into Asian markets. The most-traded copper contract on the Shanghai Futures Exchange slipped 0.71 percent to

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    • News Desk
    • May 12th, 2017
    • Comments Off on Copper touches one-week high on short-covering, focus on China

    Copper prices rose on Thursday as funds cut bearish bets, but the sustainability of gains will depend on industrial activity and investment data from top consumer China next week. Benchmark copper on the London Metal

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  • Benchmark Tokyo rubber futures ended 2.2 percent higher on Thursday, helped by a weaker yen and firm Shanghai futures. An executive at Thailand's Sri Trang Agro Industry Pcl, the world's biggest natural rubber producing company,

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    • News Desk
    • May 12th, 2017
    • Comments Off on Oil gains on more support for OPEC cuts, optimism about US crude draw

    Oil prices rose for a second day on Thursday, closing more than 1 percent higher as support grew for OPEC output cuts a day after the US government reported a big draw in crude inventories,

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