- Rubber slumped a second day on concerns that China, the largest buyer, may impose stringent measures to limit speculation and lower commodity prices.
- The April-delivery contract declined as much as 0.9 percent to 334 yen per kilogram ($4,092 a metric ton) on the Tokyo Commodity Exchange before trading at 335.6 yen at 11:04 a.m. local time. Rubber has gained 7.7 percent this month on concern that rain in major producing countries will cut production amid increasing demand, and has surged 21 percent this year
Gold Climbs on Investor Demand as Dollar Declines for First Day in Three
- Gold gained as the dollar declined for the first day in three, increasing demand for the precious metal as a haven against weakening currencies.
- Immediate-delivery gold climbed as much as 0.3 percent to $1,329.15 an ounce, and traded at $1,327.95 an ounce at 1:27 p.m. in Melbourne. The dollar fell 0.3 percent against a basket of six counterparts. Gold reached a record $1,387.35 on Oct. 14.
Contact sangeeth.cherian@apnnews.com