COMMODITIES

Coffee declines as cocoa post gains

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Robusta coffee in London declined following a message from Brazilian Agriculture Ministry official that the nation's harvest may exceed the forecasted 41.3 million to 44.2 million bags.Robusta for March delivery declined $23, or 1.1 percent, to $2,024 a metric ton and traded at $2,034 by noon in London.Last year, Robusta used in espresso and instant coffee, gained 20 percent amid concerns that dry weather in Brazil might hurt the crops.However, cocoa for March delivery increase...
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Copper posts declines as demand slumps

Copper on Wednesday posted declines for a second straight session amid concerns that surging U.S. economy may slow worldwide growth affecting demand for copper used in pipes and wires.
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Gold jumps 3 percent from lows after Fed move

Gold bounced back from a three-week low to trade above $890 an ounce on Tuesday, as the dollar tumbled after the U.S. Federal Reserve unexpectedly slashed interest rates by 75 basis points.
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Gold Futures Rise on Bush Relief Plan

U.S. gold futures ended a volatile week on a slightly higher note, after an emergency tax-relief plan announced by President Bush did not ease investor recession concerns, raising the appeal of the precious metal.
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Gold Futures Slide on Stronger Dollar

Gold futures dropped the most in nearly nine months on Wednesday as the dollar rose against a basket of other major currencies, reducing the investment appeal of gold.
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Copper Falls on Fears of Weak U.S. Demand

Copper fell on Thursday on concerns over weakened demand for the red metal as the U.S. economy confronts big losses by investment banks and government reports showing rising consumer prices and stagnant industrial production.
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Gold falls 2.4 percent but rebound eyed

Gold fell 2.4 percent on Wednesday as investors took profits after a failed bid to set another record high beyond $914, but analysts said it might rebound after a period of consolidation.
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Crude Oil Drops on Growing Inventories

U.S. crude recovered slightly on Tuesday after dropping below $90 after the U.S. weekly inventories report showed crude stockpiles grew 4.28 million barrels last week.
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Gold Falls on Dollar Rebound, Metals Mixed

Gold futures fell on Tuesday, erasing earlier gains after the dollar rebounded against the euro putting further strain on the economy and reducing the appeal of the precious metal.
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Oil falls $2 on Slowing Retail, OPEC Comments

Oil prices fell more than $2 a barrel below $92 on Tuesday after the U.S. government reported a decline in retail sales and Saudi Arabia's oil minister said the Organization of Petroleum Exporting Countries could increase output.
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Copper Rises on Weak Dollar

Copper Futures rose on Monday after the dollar slipped, which also drove investments into other commodities such as gold and oil.
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Gold Hits New Record Above $900, Dollar Falls

Gold futures rose to a new record on Monday, closing above $900 an ounce for the first time following a dip in the dollar, which increased demand for the precious metal as an investment alternative.
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Oil Falls Below $93 on Economic Recession outlook

Oil prices declined for the third consecutive day on Friday on fear and speculation that the U.S. – the top oil consumer- is heading towards an economic recession, thereby weakening demand for the commodity.
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Gold Soars Ahead of $900 Mark, Dollar Dips

Gold futures topped the $900 mark on Friday, closing higher for a fourth session as investors speculate the Fed will further cut interest rates in a bid to save the economy from a recession, while the dollar also weakened and boosted investment appeal of the precious metal.
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Copper Trims Losses after Fed Chairman's Speech

Copper futures ended Thursday recovering losses early in the session to settle down slightly after Federal Reserve Chairman Ben Bernanke signaled that interest rates may need to be lowered to boost the economy.
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Gold Hits Record High on Bernanke News

Gold futures rallied on Thursday reaching a record-breaking high with silver also rising after the dollar slumped on news of a further interest rate cut by the central bank.

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