Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Wednesday 10th of March 2010
Monday, September 8, 2008

Copper falls back from early gains

Story link: Copper falls back from early gains
by Elaine Frei
Copper falls back from early gains

After being up earlier on the government takeover of US mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) as investors hoped that the intervention would help the global economy and stimulate growth in home construction, a major consumer of copper, the price of the metal lost its gains to trade even at $3.10 per pound in New York.

Earlier, however, three-month copper added $86 to $6,986 per tonne in London after London Metal Exchange inventories dropped 50 tonnes to 200,825 tonnes.

December gold was also up earlier in New York trade, but at the end of the floor session it had dropped 30 cents from Friday’s close to trade at $802.50 per troy ounce.

Additionally, December silver was down 26 cents to $12.07 in New York, while October platinum dropped $14.90 to $1,352.90 per troy ounce.

 

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 falls back from early gains

Platinum falls more than $40 in New York ...

Gold, silver prices gain as platinum falls back slightly ...

Gold falls on easing inflation fears ...

Silver, base metals higher ...

Demand worries again send copper prices lower ...

Latest Metals News:

Latest News  Copper up in London; inventories fall, cancelled warrants rise

Latest News  Copper gains on US jobs data, China comments

Latest News  Copper up on weaker dollar

Latest News  Copper prices climb after Chile quake

Latest News  Metals prices mixed in New York, London

Latest News  Gold down slightly in NY on stronger dollar

Latest News  Copper prices up after last week’s declines

Latest News  Copper, other metals continue price declines

Latest News  Copper in big declines on economic concerns

Latest News  Copper, other metals gain again


Previous: «
Next: »

Visited 3149 times, 5 so far today