Gold analysts are bearish for a third week, the longest stretch since February 2010, as prices approach $1,200 an ounce and a stronger U.S. economy improves the chance that the Federal Reserve will reduce fiscal stimulus.
Deutsche Bank AG is cutting about 200 commodities jobs, joining the world’s largest financial firms in reducing headcount to the lowest since 2009 as prices for everything from energy to metals head for the first annual drop since the recession.
Deutsche Bank AG is cutting about 200 commodities jobs, joining the world’s largest financial firms in reducing headcount for trading in everything from energy to metals to the lowest since at least 2009 as regulations tighten and revenue slides.
Global sugar consumption will rise the most in five years in 2013, approaching the rate of growth registered before the world financial crisis, as lower prices boost demand, according to Czarnikow Group Ltd.
Cocoa declined for a third day in London, the longest losing streak in more than three weeks, as bean deliveries in top producer Ivory Coast signal bigger supplies than traders anticipated. Coffee advanced.
U.S. Treasury yields rose to an 11- week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.