Friday, May 18, 2007

Copper buckles under China fears, gold up

(Reuters) - Copper touched a seven-week low on Friday as fears about lower Chinese demand were reinforced by a rate rise in the country, while gold was buoyed by physical buying interest after the recent rout.

Oil prices hovered near eight-month highs as worries about gasoline shortages escalated and in agricultural markets coffee hit a new eight-year as the market fretted about tight supplies.


Read more at Reuters Africa

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