Commodity Blog |
| Sugar Rises in London as Consumption Grows Posted: 18 Feb 2013 03:26 PM PST Sugar rose today in London, following two consecutive weeks of decline, on speculation that the low price will attract traders. Consumption in Brazil is expected to pick up as the country is planning to use more cane for ethanol-making. There are also sings of increasing demand from Iraq, the third biggest importer of white sugar in the world. The Middle Eastern country imported 200,000 metric tons of the commodity last week and is expected [...] |
| Precious Metals Gain, Platinum Especially Strong Posted: 18 Feb 2013 10:22 AM PST Gold rallied today on speculations that the previous drop made the precious metal cheap enough to become attractive to investors. The metal has lost 3.4 percent last week as signs of global economic growth damped demand for gold as a safe investment. Gold started this week with a rally, but the gains were small. Other precious metals also rallied. Platinum was especially strong as South Africa experienced labor unrest [...] |
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