Gold fell in New York, capping a second straight weekly loss, as moves by China to fight inflation and slow growth eroded demand for precious metals and raw materials.
Cocoa futures climbed to the highest price in eight weeks in New York on signs of increasing demand for chocolate. Coffee also rose.
"Unless you get a formidable increase in demand in China, I think copper prices are going to stay on the defensive for the near term."
- Adam Klopfenstein on Dec 08, 2014