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Lagos, South Africa and New York
Wednesday, October 28, 2020

Global wheat spikes higher on dryness concerns, corn flat, soy weak

CHICAGO — U.S. wheat futures rallied on Monday, with K.C. hard red winter wheat hitting a two-year high, on concerns that dry soils will crimp yields in key production areas around the world, traders said. Corn futures were steady, supported by the strong gains in...

Copper dips as global volatility shakes investors’ confidence

Copper prices fell on Monday amid volatile global markets ahead of the U.S. presidential election in November and the lack of participation from top consumer China during a holiday. “Uncertainty related to the U.S. election can keep prices volatile. What change we are seeing currently...

Gold holds $1,900 level on Trump COVID news, set for best week in 8

Gold clung to the $1,900 level in choppy trading on Friday, with gains capped by a firm dollar, but bullion remained headed for its biggest weekly rise in eight weeks as U.S. President Donald Trump’s COVID-19 positive test hurt risk sentiment. Spot gold eased 0.2%...

Gold slips as dollar firms after Trump, Biden face off

Spot gold fell 0.5% to $1,889.66 per ounce by 0357 GMT, after hitting a one-week high of $1,899.12 earlier in the session. Spot gold was on track to post it worst monthly fall since November 2016, dropping 4% so far this month. U.S. gold futures...

Gold record biggest day gain on dollar retreat, amidst focus Trump-Biden debate

Spot gold rose 0.15% to $1,883.69 per ounce by 0058 GMT. Prices rose 1.1% in the previous session, its biggest one-day gain since late August. U.S. gold futures were up 0.4% at $1,889.70. ...

Gold slips to over two-month low as dollar gains

Gold prices slumped more than 2% on Wednesday to the lowest level in over two months as the dollar advanced, with investors awaiting further response from major central banks at a time of economic uncertainty. Spot gold dipped 1.9% to $1,862.56 per ounce, having hit...

Olam Cocoa hits 100% traceability target across its direct global supply chain

Olam Cocoa, a leading supplier of cocoa beans and ingredients, today announces it has achieved 100% traceability of directly sourced cocoa across its global supply chain, a commitment first stated five years ago. This means the company can now track approximately 12% of the...

Gold rises as dollar weakens, eyes second weekly gain

Gold prices rose on Friday, en route to a second straight weekly gain, as the dollar weakened and on concerns about economic recovery from the coronavirus crisis. Spot gold rose 0.6% to $1,953.72 per ounce, and was up 0.6% so far this week. U.S. gold...

Gold falls after U.S. Fed dampens hopes for more stimulus

Gold prices fell on Thursday to the lowest in more than a week, after the U.S. Federal Reserve dashed investors’ hopes for more stimulus to support the coronvirus-hit economy. Spot gold dropped 0.8% to $1,943.87 per ounce, after falling to its lowest level since Sept....

Gold steady as dollar softens, investors eye Fed meeting

Spot gold was flat at $1,956.17 per ounce by 0024 GMT after gaining 1% on Monday. U.S. gold futures ticked up 0.1% at $1,966.40. The dollar index was little changed after posting its worst day in more than two weeks in the last session. A weaker greenback...
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