Dhaka, Bangladesh (BBN) – Gold prices fell more than 1.0 percent on Thursday, extending the previous session’s losses, after the CME Group raised trading margins by the most in over two and a half years to curb volatility in bullion that had surged to dizzying heights.
Brent crude rose above $110.50 a barrel on Thursday, supported by reduced U.S. crude stocks and positive manufacturing data but countered by economic growth uncertainties, a market review report said.
U.S. wheat futures fell more than 1.0 percent on the day, losing more ground as the market came under pressure from better-than-expected Canadian crop and forecasts of favourable weather in Australia’s grain producing areas.
BBN/SSR/SI-25Aug11-6:12 pm (BST)
