| NEW YORK, Sept 24
NEW YORK, Sept 24 Gold prices rose on Tuesday,
snapping a three-day decline, while copper extended losses on
near-term uncertainties over U.S. monetary and fiscal policy.
Sugar prices surged in response to lower-than-expected
output from top producer Brazil.
Crude oil edged higher after initially
trading down most of the day on fewer geopolitical tensions and
evidence of more supply from Libya and Iraq.
Despite the higher close of a few commodities, the Thomson
Reuters-Jefferies CRB index finished the session down
0.4 percent. The 19-commodity index has lost a total of 1.7
percent since Thursday's close, weighed down by markets such as
copper and natural gas.
Gas prices lost ground for a third straight session, hitting
four-week lows as milder U.S. weather forecasts for the next two
weeks dimmed prospects for a pickup in demand.
Gold rose as physical buying at lower prices and technical
support helped the bullion market turn higher after recent
losses. The spot price of bullion was up 0.2 percent at
$1,323.70 an ounce by 3:13 p.m. EDT (1913 GMT).
Copper fell for a third straight session on renewed
uncertainty about when the U.S. Federal Reserve will start
trimming its stimulus program.
Copper's benchmark three-month on the London Metal Exchange
dropped 1.4 percent to close at $7,148 a tonne. The
contract fell nearly half a percent on Monday.
Sugar hit 4-1/2 month highs in strong volume after data
showed lower-than-expected cane production in top grower Brazil
in the first half of September.
Most-active raw sugar futures in New York ended up
0.17 cent, or 1 percent, at 17.93 cents after reaching its
highest price since May 10 at 17.96 cents.