Cocoa, gold hot while coffee gets colder

COCOA and gold are on a mildly upward trajectory while coffee is grinding its way down.

While tradingeconomics.com reports that cocoa decreased $US21 per tonne, or 0.65% to $3190 on April 27 from $3211 in the previous trading session, the commodity has gained $229.90, or 7.7% during the last 12 months from $2960.14/t in April 2015. Cocoa reached an all-time high of $4361.58/t in July, 1977, and a record low of just $211/t in July 1965.

Coffee decreased 3.85c per pound, or 3.06% to 121.80c/lb on April 27 from 125.65c/lb in the previous trading session. But coffee has lost 11.07c/lb or 8.33% during the last 12 months from 132.87c/lb in April 2015. Coffee reached an all-time high of 339.86c/lb in April 1977 and a record low of 42.50c/lb in October 2011, tradingeconomics.com reported.

The US Federal Reserve's announcement this week that it was leaving rates unchanged had little impact on the markets.

Gold was hovering around $US1250 per ounce but copper and other metals, with the exception of nickel, were tracking lower.

Oil was on a mild rise of $1.29 yesterday to $45.33 per WTI barrel, but has generally been trending lower since mid-April.

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