Gold investment futures on September 4, Wednesday, London International Financial Futures Exchange Liffe- November Robusta coffee futures closed down 50 US dollars, or 2.4%, at 2062 US dollars per ton.
Technical weakness triggered a late sell-off, while rainfall in Brazil, the largest coffee grower, eased concerns about crop damage due to drought.
ICE raw sugar futures fell as cocoa futures fell due to short-term ample supply as more investors expected a glut.
Benchmark ICE- December Arabica coffee futures fell 7.15 cents, or 3.4%, to close at $2.023 a pound. The contract fell as much as 8.4 cents in late trading as volume widened by technical resistance after failing to rise above the one-month high of $2.0995 hit yesterday.
Rain in coffee-growing areas in Brazil weighs on coffee prices throughout the day.
ICE- October raw sugar futures closed down 20 cents, or 1.3%, at 15.62 cents per pound.
Liffe- October sugar futures fell $3.20, or 0.7%, to close at $425.60 a tonne. Liffe- December cocoa futures closed up £2, or 0.1%, at £1992 a tonne.
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