Gold records largest monthly drop in April

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Source: Bloomberg
Gold positions in exchange-traded products tumbled 174 metric tons in April recording the biggest monthly fall all-time after prices started to drop and reduced the funds value by $17.9 billion as investors seek for riskier assets amid optimistic global economy outlook. June gold futures declined 0.5% to $1,465.40 an ounce on the Comex, while prices are down 13% in 2013.

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Wed, 01 May 2013 15:02:05 GMT

Sugar swings between gains and losses on Wednesday

Sugar traded on New York's ICE Futures U.S. swung between drops and gains on Wednesday amid speculation that the amount of exchange-delivered sweetener will be higher that estimated. Raw sugar with delivery in two months dropped as much as 0.1% to 17.58 cents a pound as of 6:33 a.m. following a 0.5% increase earlier today.

Wed, 01 May 2013 14:40:03 GMT

Brent falls for second straight day as OPEC's production rises to 5-month high

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