Aluminium
Gold continues values loss
by Brian Turner
Prices for precious metals declined on Tuesday, while plastics either stayed the same or increased in price.
In newly offered plastics futures on the London Metal Exchange, linear low-density polyethylene futures rose $4 to trade at $939 per tonne, and September delivery polypropylene held steady at $934 per metric tonne.
The strong dollar [...]
London Metals Exchange opens trading in plastics futures
by Brian Turner
The London Metals Exchange, which has only traded nonferrous metals it its 128-year history, began trading plastics futures on Friday.
The exchange added polypropylene (PP) and linear low-density polyethylene (LLDPE) contracts to its portfolio. Trade was light, as it was expected to be on the first day.
September PP opened at $970 pr [...]
Gold up but copper slows
by Brian Turner
Gold hit a three-month low of $418.25 before rebounding to $419.00/9.70 after a Friday close of $420.00/420.80.
Copper prices fell as well, as production is increasing while demand is slowing. Three-month copper was down $11, to $2993 a tonne.
Gold and copper hit short-term lows
by Brian Turner
Gold was down to a three-month low, this week, hitting $420.05 per troy ounce on Thursday, down $6 for the week before a slight recovery on Friday.
Even with that small rise in price on Friday, gold still lingered near that low as it traded around $420.20/$421.00
per troy ounce at mid-afternoon in New York. [...]
Gold price lowers on interest rate rise fears
by Brian Turner
In the commodities markets on Monday, the price of gold for July delivery fell $5.60 to $430.50 in New York.
The retreat came ahead of the May meeting of the U.S. Federal Reserve on Tuesday, where interest rates are expected to be increased. When interest rates go higher, gold tends to become a [...]