Cocoa and Gold price decrease,USD Strengthen
Commodity Market News Today about the Gold price down because of the dollar’s strength.At the close of NYMEX trading early this morning was the price of gold has decreased. Gold prices weakened in line with the strengthening dollar.
The fall in consumer sentiment in the United States brought the investors back USD as a tool for the safe-haven investment. Gold futures contract in April for an increase of 2.3 to 1115.4 dollars troy dollars per ounce, a level of support for 1106.57 dollars per troy ounce.COMEX gold for April delivery fell $9.90 to settle at $1,103.20 per ounce.
While Cocoa prices fell 5% due to reach the Middle dollar’s strength. At the close of trading on the ICE Futures exchange early this morning was the price of cocoa futures declined sharply. Cocoa prices fell in the middle of the strengthening U.S. dollar against sterling. These conditions resulted in cocoa prices traded in dollars become relatively more expensive for foreign buyers.
March 2nd, 2010 at 04:57
[...] Commodity Market News Today about trade Arabica Coffee and Corn.Arabica Coffee Price strengthen in the Middle Phase of Consolidation. At the close of trading on the ICE Futures exchange early this morning was the price of arabica coffee increased, although not too large. Arabica coffee prices increased in the middle of the consolidation phase after a decline to reach the strong position of support. Meanwhile, At the close of trading on the CBOT exchange early this morning corn futures price was declining. Corn prices weakened in the middle of the strengthening exchange rate of USD. External pressures seem affect commodity price movements in the U.S. most of this. ‘; [...]