FinanceInternational

Raw Materials: Gold and Coffee Surge, Aluminum Holds Steady

This week, gold prices have risen significantly, primarily fueled by expectations of interest rate cuts from the Federal Reserve (Fed).

By mid-afternoon, the price of gold was trading at $3,434.58 per ounce in London, a notable increase from $3,371.86 just one week earlier at closing.

In the coffee market, prices reached their highest level since May, with arabica trading at 381.85 cents per pound on the ICE Futures US in New York for December delivery, up from 378.30 cents the previous Friday.

On the Liffe exchange in London, robusta coffee was priced at $4,822 per ton for November delivery, rising from $4,650 at the close the week before.

Aluminum prices showed some fluctuations this week, with one ton of aluminum metal priced at $2,613 on the London Metal Exchange (LME) on Friday, down from $2,624.50 the previous week.

Other base metals remained stable, though slight increases were observed for copper and tin.

 

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