Trade concerns push down metal prices
MELBOURNE, Mar 29: London copper moved higher on Thursday but has dropped by around seven per cent in the first quarter, reflecting complex-wide losses on fears that an escalating trade spat could slow the demand for metals. Concerns that worsening trade relations between China and the United States could spill across into other countries have fuelled worries about a slowdown in China, which is already seeing inventories build, said analyst Helen Lau at broker Argonaut in Hong Kong. — Reuters
Gold stable as N Korea, global trade rifts ease
BENGALURU, Mar 29: Gold prices held largely steady on Thursday, a day after posting its biggest one-day percentage fall in nearly nine months, as tensions over North Korea and global trade eased.Spot gold was nearly unchanged at $1,325.16 per ounce at 0736 GMT, after hitting a low of $1,322.50 earlier in the session, it's lowest since March 21.Prices dropped 1.5 per cent on Wednesday, their biggest one-day percentage decline since July 3, 2017. — Reuters
Wheat rises as traders ready for USDA report
SYDNEY, Mar 29: US wheat futures edged higher for the first time in four sessions on Thursday, rebounding from a near two-month low, as traders squared positions ahead of a widely watched U.S. Department of Agriculture report. The most active wheat futures on the Chicago Board Of Trade were up 0.3 percent at $4.47 a bushel by 0047 GMT, having closed down 0.8 per cent on Wednesday when prices hit a low of $4.44-1/2 a bushel - the lowest since Feb 06. — Reuters