Aluminium
Investors liquidate gold
by Brian Turner
Gold for August delivery lost $2.40 to $423.50 per troy ounce on the COMEX index on the New York Mercantile Exchange for its lowest close in a week. It had traded between $423.20 and $424.00 earlier in the day. A drop in the euro prompted speculators to liquidate gold.
Three-month copper fell […]
Chinese currency revaluation takes copper to record high
by Brian Turner
Revaluation of the renminbi in China took copper prices to a new record high of $3,440 per tonne on the London Metal Exchange before falling back to $3,397 per tonne, a loss of $7 on the day.
China is one of the largest importers and users of copper in the world. Other commodity […]
Copper prices continue up
by Brian Turner
Copper prices were up by 1 percent to $1.578 per pound in late morning New York trading on the Comex.
Three-month copper on the London Metal Exchange gained $22 to $3,387 per tonne, which translates to $1.5361 per pound.
Copper rising despite production strikes
by Brian Turner
In the commodities markets on Tuesday, gold lost 1 percent to close at $422.50/$423.20 per troy ounce, near a 3 ½-week low, while 3-month copper gained $22 to $3,262 per tonne.
The advance in copper prices was not higher because of the strength of the dollar and expected output rises later in the year. […]