FUNDAMENTALS Spot gold eased 0.1% to $1,769.11 per ounce, as of 0117 GMT. U.S. gold futures fell 0.2% to $1,768.10. The dollar held firm near a three-month high scaled in the previous session. A stronger dollar makes greenback-priced metals more expensive for holders of other currencies. [USD/] U.S. private payrolls increased more than expected in June as companies rushed to boost production and services amid a rapidly reopening economy. Federal Reserve Bank of Dallas President Robert Kaplan said Wednesday he would like the Fed to start reducing its support for the economy before the end of the year, in part to make an abrupt policy tightening less likely later on.
GRAINS-Corn rises nearly 1% on lower U S planting, wheat eases
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METALS-Copper prices rise as Fed chief soothes rate hike fears
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Copper rises as dollar weakens to multi-month lows
Copper prices rose on Tuesday as a weaker dollar made greenback-priced metals cheaper and more appealing to holders of other currencies.
Three-month copper on the London Metal Exchange CMCU3 rose 0.7% to $10,328 a tonne by 0319 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange SCFcv1 increased 0.6% to 74,160 yuan ($11,642.44) a tonne.
The dollar languished near multi-month lows versus major peers as traders pondered the prospects for early policy normalization by the Federal Reserve ahead of a key jobs report at the end of the week.
FUNDAMENTALS LME aluminium CMAL3 rose 0.3% to $2,490.50 a tonne, nickel CMNI3 increased 0.7% to $18,240 a tonne and zinc CMZN3 advanced 0.5% to $3,076.50 a tonne.