LONDON: Gold eased on Wednesday as a recovery in the dollar pulled prices further from the previous day's near six-week peak, though a drop in equities on the back of jitters over a US-China trade stand-off kept the metal underpinned. The dollar pulled back some lost ground after sliding to...
KUALA LUMPUR: Malaysian palm oil futures edged down in early trade on Wednesday, as the ringgit strengthened further and hit its highest in nearly two years. The Malaysian currency rose as much as 0.53 percent against the dollar to 3.8550, its highest since April 2016, bolstered by high oil prices...
LONDON: Sterling gained slightly against the dollar and euro on Wednesday, helped by a report that Britain will propose a new solution for the Irish border dispute holding up Brexit talks. End-of-quarter flows by global asset and fund managers rebalancing their portfolios can distort markets, analysts said, cautioning that investors...
SINGAPORE: Palm oil may bounce into a range of 2,403-2,420 ringgit per tonne, as suggested by a projection analysis and the hourly RSI. The contract is riding on a wave c, which has been disrupted by two bounces around 2,367 ringgit and 2,347 ringgit, respectively the 107 percent and the...
LONDON: The dollar hit a three-week high on Wednesday after an upbeat assessment of the US economy by Federal Reserve Chairman Jerome Powell's boosted bets on more interest rate hikes, while the euro edged lower before inflation data. Against a basket of currencies, the dollar rose 0.2 percent after a...
LONDON: The price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world's biggest metals consumer. Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar. "Both macro and micro factors...
PARIS: European wheat futures extended gains on Monday, reaching their highest in almost three months, with support from concern over a cold snap in Europe and dry conditions in the United States. Gain were moderate, however, as traders saw only a limited threat of frost damage to European crops while...
NEW YORK: The U.S. dollar eased back from earlier losses but still remained broadly lower against other major currencies on Monday. The greenback was lower ahead of Fed Chair Jerome Powell's first Congressional testimony on Tuesday and Thursday. Investors will be listening closely to his views on the state of...
LONDON: Gold rose on Monday as a softer dollar helped the metal rebound from its biggest weekly loss this year, while traders awaited Federal Reserve Chair Jerome Powell's debut congressional testimony this week for clues on the next direction of trade. The dollar index slid 0.4 percent on Monday, lifting...
CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Wednesday. WHEAT - Flat to down 2 cents per bushel Consolidating in technically driven trade after dropping to a two-week low in...
LONDON: Switzerland's gold exports to China hit their highest in more than a year in January, Swiss customs data showed on Tuesday, while shipments to India slid to their lowest since September. Switzerland, a major trading, vaulting and refining centre for precious metals, said its net gold imports rose to...