Gold futures fell for the second time in three days as signs of a recovery in the U.S. economy curbed demand for the precious metal as an alternative asset.
Crude futures rose on Monday amid concerns that geopolitical tensions in Ukraine and Libya will disrupt global supplies, while a weaker dollar also bolstered the commodity
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With expected rise in export of soyameal and scarce arrival of beans in mandis across Madhya Pradesh, the bullish trend in soyabean will likely to continue in the coming days, said a trader.
Malaysian palm oil futures fell 2.56 per cent for the week on Friday, following weak comparative vegetable oilsalthough traders expected prices to rebound soon due to high seasonal demand. Futures crude palm oil (FCPO) settled at 2,592 which was down 68 points from 2,660 last Friday.
Comex gold futures were lower on Thursday, after the Federal Reserve decided to continue trimming its bond-buying programme by $10 billion a month. The Fed looked past a dismal reading on first-quarter US growth and gave a mostly upbeat assessment of the economy's prospects.
The iron hand of Russia, both literally and figuratively, is resting on the population of this previously very important agricultural country.'The bread basket of Europe' as it was called. The potato trade has been talking about export to Russia all winter.
Gold prices gained slightly in Asia on Friday, supported by events in the Ukraine. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,293.80 a troy ounce, up 0.25%, after hitting an overnight session low of $1,268.60 and off a high of $1,298.30.
Gold futures fell as signs of gains in the U.S. economy eroded demand for the metal. Brent oil traded near a six-week high as renewed violence in Ukraine threatened to destabilize an accord reached last week with Russia, the world's largest energy exporter.
In the last decades we witnessed some major changes in animal feed used in pig farming. Years ago, farmers that produced several different crops used pigs to consume the excess of grain and other by-products.
Commodities analysts are expecting more steel mills in China to shut down this year as the industry grapples with dwindling demand, plunging prices, a liquidity crisis and tighter environmental rules.
Gold fell to a five-week low in New York as signs of economic recovery in the U.S. boosted speculation the Federal Reserve will further pare stimulus, curbing demand for the precious metal as a store of value.
Gold edged lower on Monday after posting its biggest weekly drop since November on the prospect of a U.S. interest rate hike in early 2015, denting the metal's appeal as a hedge against inflation.
Copper declined for the first time in five days on speculation that demand will slow as the U.S. Federal Reserve officials boosted their forecasts for key interest rates and China's growth faltered.
According to AccuWeather.com, temperatures in New York will fall to as much as -2 degrees Fahrenheit on March 24, 5 degrees below average. Readings in Chicago will bottom at -6 degrees Fahrenheit, compared to the average of 1 degree, while Detroit will see a low of -6 degrees, 6 below usual.
Gold rose to fresh six-month highs on Friday and was headed for its biggest weekly gain in four weeks, buoyed by mounting tensions between Russia and the West over Ukraine, and worries over an economic slowdown in China.