COMEX gold for August closed up $13.70 at $629.70 an ounce on Wednesday after dealing between a high of $631.90 and low of $619.50. The previous peak was $638 on June 6. Copper prices also rose on falling inventories and a firmer technical picture, market sources said.
Benchmark September copper on the New York Mercantile Exchange's COMEX division ended up 4.90 cents to $3.4040 a lb, after dealing between $3.3450 and $3.4395.
Three-month copper on the London Metal Exchange ended down $30 at $7,370 a tonne in last open outcry trade.
Gold rose to a one-month high on safe-haven buying after North Korea test-launched several missiles. But it lost part of its winnings in late trade as a firmer dollar triggered profit taking.
Cocoa rallied to a 16-month peak, fueled by follow-through fund buying amid lingering market worries about supply tightness in Europe and positive technical signals.
The New York Board of Trade (NYBOT) cocoa contract for September cocoa climbed $34 or 2.04 percent to finish at $1,701 per tonne after trading from $1,665 to $1,704.
Coffee futures settled narrowly mixed after finding an equally mixed bag of signals from benign weather in top coffee producer Brazil to light fund buying and short covering.
NYBOT's arabica coffee for September delivery concluded down 0.05 cent at $1.0345 a lb after trading from $1.02 to $1.0375 cents. Longer-dated arabicas ended flat to up 0.20 cent.
Cocoa jumped on speculative buying while coffee and grains such as wheat, corn and soybeans saw mixed results as markets reopened from the US Independence Day holiday.
All US financial markets were closed on Tuesday for the holiday, while the New York Mercantile Exchange - which trades in metals and oil - was shut on Monday as well.
The Reuters/Jefferies CRB Index - which tracks 19 commodity futures ranging from metals to energy, cotton, coffee, grains, livestock and frozen concentrated orange juice - ended up 0.49 percent at 349.86.
The Goldman Sachs Reduced Energy Index posted a positive return of 0.69 point on the day. The Dow Jones-AIG Commodity Index was up 0.32 percent at 321.277.
Wheat prices rose on a dry weather forecast and a drop in weekly spring wheat condition ratings. The July contract on the Chicago Board of Trade ended up 2-1/4 cents at $3.86-1/2 per bushel, with forward months up 4 to down 1/2 cent.
Corn fell on easing concerns about weather and technically overbought conditions. CBOT's July corn was down 3-3/4 cents at $2.39-1/2 per bushel, with distant months unchanged to down 4 cents.
Soybeans also closed down on favourable weather reports.
CBOT July soybeans ended 7 cents lower at $5.94-1/2 per bushel, with new-crop November down 8-1/4 at $6.21.
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