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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * Stimulus, supply risks lift commodities in Q3 * Wariness over further gains as global economy struggles * Brent posts best quarter since Q1 2011 * Gold has best quarter since 2010 * Commodity losses\/gains:By Barani Krishnan NEW YORK, Sept 28 (Reuters) – Commodities closed broadly higher on Friday with their biggest quarterly gain in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15063","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15063"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15063\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Stimulus, supply risks lift commodities in Q3\n * Wariness over further gains as global economy struggles\n * Brent posts best quarter since Q1 2011\n * Gold has best quarter since 2010\n * Commodity losses\/gains:By Barani Krishnan\n NEW YORK, Sept 28 (Reuters) - Commodities closed broadly\nhigher on Friday with their biggest quarterly gain in nearly two\nyears, but analysts voiced skepticism about future direction\namid fresh worries over Europe's debt troubles and the fragile\nglobal economy.\n Raw materials prices soared through July and August, hitting\nmulti-month highs in anticipation of bond-buying and other\nmarket-aiding stimulus - later confirmed - by central banks in\nthe United States, Europe and China.\n The stimulus-inspired rally gave oil and metals markets, as\nwell as grains such as corn that were already surging because of\na crop-decimating drought, a lurch powerful enough to withstand\nthe stormy selloff that came in September.\n Benchmark Brent crude oil ended the third quarter up nearly\n15 percent, its biggest advance since the first quarter of 2011.\n \n Copper also had its best quarter since early last year, and\ngold and corn their strongest quarterly run since 2010. Sugar\nbucked the trend with a 10 percent loss. \n Some analysts expressed uncertainty over whether the broad\nupward momentum could be sustained, given the upheaval in Spain\nand Greece over new austerity measures, and a doubtful outlook\nfor the U.S. and Chinese economies.\n Spain issued a detailed timetable for economic reforms this\nweek and peppered its 2013 budget with spending\ncuts as anti-austerity demonstrators clashed with police in\nMadrid. Protests also rocked Athens as Greece\ntries to push through spending cuts worth nearly 12 billion\neuros ($15.6 billion) over the next two years. \n The 19-commodity Thomson Reuters-Jefferies CRB index \nrose on Friday, the last session of September, as some cheered\nSpain's budget reforms.\n \"The market at the moment is taking a glass-half-full\napproach rather than half empty,\" said Julian Jessop, head of\ncommodities research at Capital Economics in London, referring\nto tougher fiscal policy emerging in the euro zone. \n \"We wouldn't view it that way - what Europe needs is growth\nand not more austerity.\"\n The CRB settled up 0.6 percent on the day and 0.1 percent\nhigher on the week. It was down slightly for the month and up\nnearly 9 percent for the quarter.\n London's Brent crude closed at $112.39 a barrel, up\nslightly on the day and 0.7 percent higher on the week. Optimism\nover Spain aside, Brent was boosted by news of\nlonger-than-expected delays in North Sea oilfield maintenance\nthat have taken a toll on Brent cargo deliveries.\n \n Oil prices were also buoyed this week by heightened fears\nabout supply out of the Middle East after verbal volleys between\nIran and Israel over Tehran's refusal to back down on its\nnuclear program. \n U.S. crude settled at $92.19 a barrel, up 0.4 percent\non the day and down nearly 1 percent on the week. It fell almost\n5 percent in September but rose more than 8 percent for the\nquarter. \n While much of oil's focus for the quarter had been on\nbond-buying pledges from the U.S. Federal Reserve and the\nEuropean Central Bank, economic conditions came back into play\namid questions about where demand would come from in an\nenvironment of sputtering growth. \n \"The U.S. is still sluggish and we have weak news out of\nChina,\" said Victor Shum, managing director for downstream\nenergy consulting at IHS Purvin Gertz in Singapore. \"The\neconomic picture is far from robust. If I look at the economic\npicture, the immediate outlook is bearish.\"\n Three-month copper on the London Metal Exchange \nclosed at $8,205 a tonne, up 0.4 percent on the day and down 0.8\npercent on the week. For the quarter, LME copper posted a 7\npercent gain, its biggest since the first quarter of 2011.\n Volatility will likely persist in copper through the fourth\nquarter as the positive impact of stimulus activity counteracts\nthe dampening impact from weak economies, Edward Meir, analyst\nat INTL FCStone, said. \n \"The tug-of-war between these two countervailing camps will\nlikely go on for some time, but we suspect that even if Europe\nsettles down, macro variables will eventually tip the markets in\na more southerly direction,\" Meir said in a note. \n Signs of slowing global growth persisted in Asia, where\nSouth Korea's industrial output contracted for the third\nconsecutive month, while Japan's industrial production fell more\nthan expected in August. \n The spot price of gold hovered at $1,770 an ounce,\ndown nearly half a percent on the day but up 11 percent for the\nquarter - its best since the second quarter of 2010. The shiny\nmetal jumped almost 5 percent in September, rising for a fourth\nconsecutive month.\n U.S. corn settled at $7.56 a bushel, surging nearly 6\npercent for the session, or by the daily trading limit of 40\ncents. The rally came as the government slashed stockpiles for\nthe grain, helping to boost prices by 12 percent for the\nquarter.\n \n \n Prices at 4:04 p.m. EDT (2004 GMT) \n LAST\/ NET PCT YTD\n CLOSE CHG CHG CHG\n US crude 92.01 0.16 0.2% -6.9%\n Brent crude 112.08 0.07 0.1% 4.4%\n Natural gas 3.320 0.023 0.7% 11.1%\n \n US gold 1773.90 -6.60 -0.4% 13.2%\n Gold 1772.05 -5.24 -0.3% 13.3%\n US Copper 371.40 0.00 0.0% 8.1%\n LME Copper 8205.00 30.00 0.4% 8.0%\n Dollar 79.942 0.394 0.5% -0.3%\n CRB 309.300 1.970 0.6% 1.3%\n \n US corn 759.50 40.00 5.6% 17.5%\n US soybeans 1602.75 31.50 2.0% 33.7%\n US wheat 912.25 44.00 5.1% 39.8%\n \n US Coffee 173.50 -0.80 -0.5% -24.0%\n US Cocoa 2516.00 34.00 1.4% 19.3%\n US Sugar 19.58 -0.02 -0.1% -15.7%\n \n US silver 33.883 0.000 0.0% 21.4%\n US platinum 1634.40 0.00 0.0% 16.3%\n US palladium 624.70 0.00 0.0% -4.8%<\/pre>\n