(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, fell to a five-month low as some analysts said
Japanese investors were lured away from rubber by gains in
precious metals.
Gold for delivery in June 2008 gained 0.9 percent to 2,580
yen ($652 an ounce) as of 2:44 p.m. on the Tokyo Commodity
Exchange. Traders were also selling rubber as the peak demand
season has ended and there are no signs supplies may be
restricted, said Kazuhiko Saito, a commodities strategist at
Interes Capital Management in Tokyo.
Read more at Bloomberg Commodities News
benchmark, fell to a five-month low as some analysts said
Japanese investors were lured away from rubber by gains in
precious metals.
Gold for delivery in June 2008 gained 0.9 percent to 2,580
yen ($652 an ounce) as of 2:44 p.m. on the Tokyo Commodity
Exchange. Traders were also selling rubber as the peak demand
season has ended and there are no signs supplies may be
restricted, said Kazuhiko Saito, a commodities strategist at
Interes Capital Management in Tokyo.
Read more at Bloomberg Commodities News
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