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Palm oil futures will test supports, rise

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BusinessLine Malaysian palm oil futures ended higher on Monday, but hit a two-week low on the back of a stronger ringgit. A stronger ringgit typically makes physical prices more expensive for overseas buyers and has a bearing on end stocks. Exports of Malaysia... More »

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Sell gold at $1,267/ounce | Business Line

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BusinessLine Comex gold futures hit a week-high on Thursday, as the dollar was on the defensive after tumbling in the previous session following the US Federal Reserve’s decision on interest rates. Comex gold futures moved lower as expected. A good bounce look... More »

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Palm oil will test support levels, rise

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BusinessLine Malaysian palm oil futures on Monday fell to a four-month low tracking softer edible oils on the Chicago Board of Trade and China’s Dalian Commodity Exchange. CPO active month February futures are correcting lower as expected. As mentioned earlier... More »

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Future does not appear to be so bright for Comex gold

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BusinessLine Comex gold futures edged higher, undeterred by the FOMC policy announcement, which set the stage for an interest rate hike in December as expected. Market participants were hardly surprised by the outcome having all but fully priced it in long bef... More »

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Buy Comex gold if it dips to $1,267-70/ounce

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BusinessLine Comex gold futures inched higher, as the slide from last month’s peak had mostly run its course with markets waiting for more clues on whether interest rates would be hiked in the United States. Several Fed officials are due to speak later on Thur... More »

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Sell gold if it rallies to $1,315/oz

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BusinessLine Comex gold futures touched a 6-week low after the dollar and US bond yields rose on proposed US tax reforms and strong economic data that supported the case for another US interest rate hike this year. However, speculative fund investors were stic... More »

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Palm oil to test support, rise

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BusinessLine Malaysian palm oil futures ended lower tracking weakness in soya oil on the Chicago Board of Trade (CBOT) and as demand from top consumers China and India waned. The benchmark contract posted its biggest intraday percentage drop in one week, and w... More »