Commodities
Currencies may continue to support gold prices
GOLD suddenly firmed up last week. After remaining range-bound ($265-270 an ounce) early to mid-week with currencies alone providing any real direction, gold suddenly found positive momentum and spurted later in the week, breaking through resistance. Off icial Friday price was $275.80/oz (London PM fix), an increase of 3 per cent week-on-week.

Rains likely to help expand Malaysian oil palm yield
EVEN as Malaysia's oil palm area expansion slows, continuing rainfall at higher-than-normal rates is expected to promote high palm oil yield. Over the last few weeks, slowing palm oil production, larger exports and less-than-anticipated stocks have pushe d the palm oil market on a high trajectory. Will August or September see a reversal of slowing palm oil production?

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