Monday, September 20, 2010

CPO futures at 6-week high, gold rallies, USD weakens

KUALA LUMPUR: Crude palm oil futures for third-month delivery rallied to RM2,712, the highest since Aug 9 while price of US spot gold rallied.

At 1.30pm, CPO was up RM85 to RM2,712 per tonne, the highest since Aug 9.

Gold rose US$7.27 to US$1,281.55 per troy ounce.

The US dollar index weakened to 81.271 against a basket of six major currencies from 81.398 last Friday.

The US dollar index indicates the general international value of the dollar. The index averages the exchange rate between the greenback and six major world currencies.


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