Commodities
Gold succumbs to currency pressure
GOLD succumbed to currency-induced downside pressure last week, dragged down by a fresh record low for the euro and, in addition, weakness of the Australian dollar, the rand and the Indian rupee. Active selling ensured that the yellow metal fell through the key support level of $ 269 per ounce.

Plantations
Copra: Testing new lows
THE relentless downtrend in the prices of copra, which started around the same time last year, has led to prices plunging to their 10-year lows. Traded prices of copra are now roughly 50 per cent of the levels at the same time last year. And with the pro spects of a healthy crop in the ensuing season, the outlook on the price front does not appear positive. Prices are likely to remain subdued even though downside from present levels may be limited.

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