Commodities Update — Gold slips; wheat tumbles; Indonesia removes palm oil levy
RIYADH: Gold slipped on Friday and was headed for a fifth consecutive weekly loss, knocked down by the dollar’s overall strength amid prospects of steep rate hikes by the US Federal Reserve.
Spot Gold is currently priced at $1,708.17 per ounce, while US Gold future is at $1,703.60.
Wheat down
Chicago Board of Trade wheat futures tumbled to a five-month…
