SINGAPORE, Oct 30 (Reuters) – Exports of some contracted
rubber cargoes from Indonesia have been delayed as several
farmers stopped tapping amid a slump in global prices of the
commodity, traders in the world’s second biggest rubber producer
Weak demand amid a global supply glut pushed down benchmark
rubber futures to a five-year low earlier this month, forcing
farmers in Indonesia to switch to other jobs and tightening raw
SINGAPORE (Reuters) – Gold was languishing near a three-week low on Thursday after the U.S. Federal Reserve ended its bond-buying stimulus programme and expressed confidence in the economic recovery, dimming bullion’s safe-haven appeal.
Ending its monthly bond purchases, the Fed dropped a characterisation of U.S. labour market slack as “significant” in a show of confidence in the economy’s prospects.
SINGAPORE (Reuters) – Gold recovered after falling to its lowest in nearly two weeks on Tuesday as investors nervously awaited a U.S. Federal Reserve meeting that begins later in the day for clues about the timing of any interest rate hike.
The Fed is likely to announce the end of its massive bond-buying stimulus when it wraps up the two-day meeting on Wednesday. Investors will be scrutinising the Fed’s statement for signals about a rate increase and its view on the global economy.