Silver crosses $70 milestone, gold extends record run
Silver rose past $70 for the first time on Tuesday, while gold hit a record high, trading just below $4,500 an ounce, as a weaker dollar and persistent geopolitical uncertainty lift demand for safe-haven assets, reports Reuters.Spot silver gained 2.2 per cent to a record of $70.61 per ounce. The...
Read more
Oil steadies as mkt weighs geopolitical risks
LONDON, Dec 23 (Reuters): Oil prices were little changed on Tuesday as potential sales of Venezuelan crude seized by the United States were countered by heightened supply disruption fears after Ukrainian attacks on Russian vessels and piers.Brent crude futures rose 6 cents to $62.13 a barrel by 1221 GMT. US...
Read more
London cocoa at two-week low
LONDON, Dec 23 (Reuters): London cocoa futures on ICE touched a two-week low on Tuesday, with recent rains seen as beneficial for crops in top grower Ivory Coast while a strengthening in the value of sterling added to downward pressure on prices.COCOALondon cocoa was down 1.6 per cent at 4,199...
Read more
Copper hits record high on weaker dollar and supply outlook
LONDON, Dec 23 (Reuters): Copper prices hit a record high on Tuesday, crossing the $12,000 mark as thin year-end trade extended momentum for speculative buying on a weaker dollar and worries about tighter supply.Benchmark three-month copper on the London Metal Exchange was up 1% at $12,039 a metric ton in...
Read more
Malaysian palm oil rises more than 1pc
KUALA LUMPUR, Dec 23 (Reuters): Malaysian palm oil futures closed more than 1% higher on Tuesday, for a second consecutive session, as stronger soyoil prices lifted the market.The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 51 ringgit, or 1.28%, to 4,036 ringgit ($994.09)...
Read more
