Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Tuesday 07th of October 2008
Thursday, July 3, 2008

Copper prices down on US jobs data

Story link: Copper prices down on US jobs data
by Elaine Frei
Copper prices down on US jobs data

September copper dropped 11 cents to $3.95 per pound in New York on Thursday after the US Labor Department reported that 62,000 non-farm jobs were lost in June and that new jobless claims were up last week.

Prices were also pushed lower by comments from European Central Bank president Jean-Claude Trichet that indicate there will be no more Eurozone interest rate increases for the time being after today’s quarter-point hike to 4.25 percent.

In London, meanwhile, three-month copper dropped $60 to $8,660 per tonne, or $3.92 per pound.

The declines came despite indications that strikes by workers in Peru look set to expand as miners prepare to march on the Peruvian Congress.

Meanwhile, precious metals prices declined as the dollar strengthened on the comments from the ECB president.

August gold was down $13 to $933.50 per troy ounce while September silver fell 7 cents to $18.36 per troy ounce and October platinum dropped $46.60 to $2,030.40 per troy ounce.

Platinum prices also dropped on fears that higher prices for jewelry and watches made from the metal will cut demand.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Copper prices down on US jobs data

Copper prices down again in London, New York ...

US jobs report affects metals markets ...

More gains in platinum prices ...

Copper prices down on economic, demand worries ...

Gold prices up, wait on US trade data ...

Latest Metals News:

Latest News  Gold gains on investor search for safety

Latest News  Copper prices gain on demand hopes

Latest News  EMED Mining acquires 100% of Andalucian copper mine

Latest News  Gold gains on safe-haven status

Latest News  Gold prices lower as equities recover

Latest News  Copper drops 17 cents in New York

Latest News  Bailout uncertainty slows copper trade

Latest News  Nickel prices drop on higher inventories

Latest News  Copper prices fall in London, New York

Latest News  Copper declines on profit-taking, bailout concerns


Previous: « East Asia extends Binebase Oxide Gold Mineralisation
Next: Anaconda provides updates on the Pine Cove gold mine »

Visited 958 times, 2 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):