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Malaysian palm oil futures hit a record high on Monday, rising for a fourth straight session, buoyed by a rally in crude oil prices and talks of export restrictions by top producer Indonesia. The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.94% at 5,372 ringgit ($1,284.25) ...

Malaysian palm oil futures rebounded on Tuesday after falling for two straight sessions, as they tracked rival oils that rose on strengthening exports and persisting concerns of supply crunch.

Gold prices inched lower on Monday as the dollar held near recent highs, although the losses were limited by growing concerns over the economic fallout from…

Article content * However, the dollar index held close to a 3-1/2-month peak against its rival, making gold more expensive for holders of other currencies. * The number of Americans filing new claims for unemployment benefits rose to a two-month high last week, a reminder that the labor market was far from being out of the woods as the nation confronts a resurgence in new COVID-19 infections. * Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day ral...

By Reuters Staff 2 Min Read July 23 (Reuters) - Copper advanced on Friday, on track for a weekly gain, as risk appetite improved after upbeat earnings in the equities market helped overcome worries about global growth. Three-month copper on the London Metal Exchange rose 0.9% to $9,524.50 a tonne by 0321 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange advanced 1.8% to 69,860 yuan a tonne. Copper is often used as a gauge of global economic health. The European ...

FUNDAMENTALS * Spot gold was down 0.2% at $1,872.21 per ounce by 0126 GMT, but it has risen 1.6% this week. * U.S. gold futures fell 0.4% to $1,873.70 per ounce. * The dollar was pinned near milestone lows against its rivals and was headed for a weekly loss. A weaker greenback makes gold more appealing for other currency holders. [USD/] * Benchmark 10-year Treasury yields fell to 1.6340% overnight. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. * Risk ...

Gold set for third straight weekly gain as US yields, dollar pull back SECTIONS Last Updated: Apr 23, 2021, 07:53 AM IST Share Synopsis U.S. President Joe Bidens proposal to hike capital gains tax encouraged investors to flock towards bullion. iStock Related Gold gained on Friday and was poised for a third straight weekly rise as a softer U.S. dollar, falling Treasury yields and a dip in equities after U.S. President Joe Bidens proposal to hike capital gains tax encouraged investors to flock t...

since end-November, as recent strength in U.S. Treasury yields dented the non-yielding metal’s appeal. FUNDAMENTALS GMT, having touched its lowest since Nov. 30 at $1,765.35 earlier in the session. Prices have declined 3% so far this week. * Benchmark U.S. Treasury yields edged higher, having hit a near one-year peak earlier in the week. Higher yields increase the opportunity cost of holding bullion, which pays no interest. * The dollar was also set to mark a weekly gain, making gold expen...

By Reuters Staff 2 Min Read HANOI, Dec 16 (Reuters) - Copper prices rose on Wednesday as data showed a solid economic recovery in top consumer China, with sentiment also underpinned by optimism around the roll-out of COVID-19 vaccines. Three-month copper on the London Metal Exchange increased 0.5% to $7,818 a tonne by 0253 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange climbed 0.7% to 57,960 yuan ($8,859.81) a tonne. China’s factory output grew at the fast...