Aluminium
Copper prices up on buying by funds
by Elaine Frei
Copper prices were up Friday as funds made purchases after Thursday’s price declines, but most other metals prices fell on concerns that, if enacted, the rules for US banks proposed yesterday by US President Barack Obama could limit purchases of commodities.
March copper was 5 cents higher to $3.35 per pound in New York, while three-month [...]
Copper prices lower on economic concerns
by Elaine Frei
The price of copper fell Thursday as the US dollar strengthened, London-monitored stockpiles rose and investors worried about how monetary policy tightening in China and proposed new bank rules in the United States might affect demand and prices for metals.
New US bank rules proposed by President Barack Obama included limits on speculation by commercial banks, [...]
Copper prices lower on China news, US housing starts
by Elaine Frei
Copper prices fell Wednesday on the news that China is moving to limit the amount of credit available in the country in order to make sure that inflation does not spiral out of control.
Despite some analyst predictions that demand for the metal used in construction and manufacturing will remain strong, the new reports have spurred [...]
Gold lower on stronger dollar
by Elaine Frei
The price of gold fell Friday as the US dollar strengthened as more investors bought the greenback in a search for the safest place to put their cash, and on concerns that China’s economy could slow following moves by the Asian nation’s central bank.
February gold was $12.50 lower to $1,130.50 per troy ounce in New [...]
Metals prices mixed in London, New York
by Elaine Frei
Prices were mixed Wednesday for both precious and base metals.
March copper was up 5 cents to $3.40 per pound in New York trade while three-month copper on the London Metal Exchange dropped $50 to $7,417.50 per tonne after Codelco, the state-owned copper miner in Chile, said it will put $2.3 billion into getting at new [...]
Dollar, China data send copper prices higher
by Elaine Frei
Copper prices were higher Monday as the US dollar weakened and new data showed that China’s imports of copper and exports of all products were up significantly in December.
March copper added 4 cents to $3.44 per pound in New York trade while three-month contracts for copper added $102.50 to $7,567.50 per tonne on the London [...]
Jobs data, China concerns hurt copper prices
by Elaine Frei
Copper prices were lower Friday after the US Labor Department reported that the US economy lost 85,000 jobs in December, calling into question the pace and extent of the recovery from recession.
Concerns that China could tighten its monetary policy, cutting demand for copper there, also hurt prices.
March copper was 3 cents lower to $3.40 per [...]
Copper prices up on economic data
by Elaine Frei
The price of copper rose to its highest level in 16 months in afternoon trade in London on Wednesday.
Three-month copper on the London Metal Exchange was up $250.25 to $7,735.25 per tonne in late afternoon trade, while March copper added 8 cents to $3.49 per pound in New York.
The gains came on new data, including [...]
Precious metals prices see gains
by Elaine Frei
Precious metals prices were higher Tuesday, but gold retreated after earlier gains posted when the dollar weakened on new data from the US-based National Association of Realtors showing that pending home sales plunged 16 percent in November.
February gold was up 40 cents to $1,118.70 per troy ounce by the end of floor trade in New [...]
Copper prices gain on dollar, data
by Elaine Frei
Copper prices were higher Monday, to their highest level since August 2008 as the US dollar weakened, another strike commenced in Chile and on new data showing growth in US manufacturing in Decmeber.
March copper added 6 cents to $3.41 per pound in New York trade, while three-month copper was up $125 to $7,500 per tonne [...]