Gold at six-month low

THE gold price dropped to a six-month low yesterday as the US dollar strengthened to its highest point in almost a year.
Gold at six-month low Gold at six-month low Gold at six-month low Gold at six-month low Gold at six-month low

Staff Reporter

Gold was trading at $1262 an ounce on the spot market at the time of writing, about $13/oz lower than this time on Wednesday.
 
In Toronto, the S and P/TSX Composite Index metals and mining sector had closed down 0.52% yesterday, with the gold subset down 0.65%.
 
Dual-listed OceanaGold Corp was among a handful there to close higher, up 1.12% yesterday after lifting guidance.
 
London's metals and mining sector on the FTSE100 regained a little further ground yesterday, closing up 0.18%.
 
Base metals on the London Metal Exchange were lower on Wednesday, except nickel which rose more than 2.2% to near the US$15,000/t mark - and tin which was up around 1.4%.
 
Overnight, the gold price was fixed at $1265.43.
 
The WTI crude oil price was slightly up overnight at $65.82 per barrel.
 
In softer commodities, cocoa decreased $59 per tonne or 2.3% to $2509/t yesterday from the $2568 in the previous trading session, tradingeconomics.com reported. Historically, cocoa reached an all-time high of $4361.58/t in July of 1977 and a record low of $211/t in July of 1965.
 
Coffee decreased 1.05c per pound or 0.92% to 112.60c/lb yesterday from 113.65c/lb in the previous trading session, tradingeconomics.com reported. Historically, coffee reached an all-time high of 339.86c/lb in April of 1977 and a record low of 42.50c/lb in October of 2001.

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