Summary Box: Coffee prices jump on Brazilian cold snap during harvest; energy, metals mixed
By APFriday, June 11, 2010
Summary Box: Coffee jumps on Brazil’s cold snap
COFFEE BUZZ: Coffee prices jumped Friday after a cold snap in Brazil sparked a buying frenzy. Coffee for July delivery rose 7.95 cents, or 5.8 percent, to settle at $1.4495, the highest level since January.
GOLD FOR SAFETY: Gold prices rose slightly after early weakness in the stock markets sent some investors toward safe-haven buying.
OIL MIX: Oil prices fell as traders sorted through a mixture of economic data.
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