Aluminium
Copper, other metals gain on weaker dollar
by Elaine Frei
The price of copper was up in New York and London trade Monday, helped by a weaker US dollar that made copper and other metals less expensive for those buying using other currencies. In addition, consumer spending was up in the US, while the Chicago purchasing managers’ index was up to 71.2 in February from [...]
Copper prices gain in New York, London
by Elaine Frei
Copper prices were up Friday, helped by lower oil prices that relaxed concerns about inflations and setbacks to economic recovery that could have hurt demand for copper and other industrial metals, while a gain in US consumer sentiment also pushed prices higher. March copper added 11 cents to $4.44 per pound in New York trade, [...]
Gold prices end slightly higher in New York
by Elaine Frei
Metals prices were mostly higher Thursday, with gold slightly higher in New York trade as investors continued to look for safe places to put their cash as civil unrest continued in Libya, sending oil prices higher and equities lower. But, with the price of gold above $1,400 per troy ounce, physical demand is down, with [...]
Copper prices drop in New York, London
by Elaine Frei
The price of copper fell again Wednesday as concerns continued that civil unrest in North Africa and the Middle East and the resulting rise in oil prices will hurt economic recovery globally and cut demand for copper and industrial metals. Libyan leader Muammar Qadaffi insisted once again that he will not step down as leader [...]
Gold, silver prices higher on safe-haven buying
by Elaine Frei
Prices for gold and silver were higher in New York trade on Tuesday, but other precious metals and copper declined. April gold added $12.50 to $1,401.10 per troy ounce, its highest since early January, while March silver added 57 cents to $32.86 per troy ounce as both metals benefited from investors’ search for safe places [...]
Copper prices down again on concerns inflation will hurt demand
by Elaine Frei
The price of copper fell again Wednesday, with declines coming on concerns about inflation in emerging economies, including in China, which is responsible for a quarter of the world’s copper consumption. There are concerns that rising food prices could hurt economic growth, which could in turn send demand for copper and other industrial metals lower. [...]
Copper prices down from record high
by Elaine Frei
The price of copper dropped Tuesday after reaching new highs during the sessions in both New York and London, with declines coming on reports that inflation is still on the rise in China. While inflation did not grow as much as had been expected there, it stood at 4.9 percent in China in January, raising [...]
Copper prices hit records in New York, London
by Elaine Frei
The price of copper saw a record high close in New York trade Monday on predictions of shortages this year and as preliminary data showed that China’s imports of the metal used on construction and manufacturing were up in January. China reportedly imported 364,420 tonnes of copper in January, the largest amount of the metal [...]
Gold ends lower in New York trade
by Elaine Frei
Metals prices were lower Friday on the news that Egyptian President Hosni Mubarak resigned his office and left Cairo, after 18 days of protests calling for him to give up his office. The resignation came after Mubarak had insisted in a televised speech Thursday night that he would not resign before elections in September. April [...]
Copper prices rise slightly despite inventory gains
by Elaine Frei
Copper prices were slightly higher Thursday, with March contracts for the metal used in construction and manufacturing adding 2 cents to $4.54 per pound in New York trade, while three-month contracts added $26 to $9,951 per tonne on the London Metal Exchange. Although prices did rise and trade volumes were higher, prices were limited by [...]
Gold ends slightly higher in New York trade
by Elaine Frei
The price of gold was higher at the close of trade in New York Wednesday, adding $1.40 to $1,365.50 per troy ounce, but it returned to declines in after-hours electronic trade after spending the session fluctuating between gains and losses. The slight gains came as investors worried about inflation and after comments from US Federal [...]
Copper gains $15 per tonne in London on China rate hike
by Elaine Frei
Copper prices were mixed Tuesday, as the dropped slightly in New York but added $15 per tonne in London after investors worried about how a new interest rate hike in China would affect demand for the metal there. The People’s Bank of China announced that it would raise the one-year lending rate and the deposit [...]
Copper prices again hit highs in London, New York
by Elaine Frei
Copper prices hit new records in New York and London again Monday as investors worried about supplies, especially from Chile. March contracts for the metal used in manufacturing and construction went as high as $4.61 per pound in New York trade before settling to a loss of less than a penny from Friday’s close to [...]
Copper prices in new records in New York and London
by Elaine Frei
Copper prices hit records in both New York and London Friday as the dollar strengthened and worries that supplies will be adequate to fulfill demand. March copper added 4 cents to $4.58 per pound at the close of floor trade in New York after earlier climbing to $4.61 per pound earlier, a new all-time high, [...]
Weaker euro, inflation concerns push gold prices higher
by Elaine Frei
Gold prices were higher Thursday after the euro weakened on comments from European Central Bank President Jean-Claude Trichet that raised fear of growing inflation in the Eurozone. The ECB left interest rates at 1 percent, while Trichet said that Eurozone officials are keeping a very close eye on pressures toward rising prices. The price of [...]
Gold prices fall in New York
by Elaine Frei
Gold prices were lower Wednesday on a stronger US dollar, as equities markets were mostly higher and on some analyst comment that gold might have reached its peak for a time. April gold was down $8.20 to $1,332.10 per troy ounce in New York trade after going as low as $1,327.30 per troy ounce earlier [...]
Copper prices hit new highs in New York, London
by Elaine Frei
The price of copper hit highs in both New York and London trade Tuesday after new data showed that manufacturing activity expanded in China in January, indicating that demand for the metal used in manufacturing and construction will remain healthy there, while separate figures showed that manufacturing also expanded in the United States and in [...]