Aluminium
Copper declines as demand concerns resurface
by Elaine Frei
Copper prices were lower Monday as investors once again worried that demand could decline if oil prices remain high. May copper was down 4 cents to $4.46 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing dropped $20 to $9,855 per tonne on the London metal exchange. [...]
Fourth day in a row of record highs for gold
by Elaine Frei
Gold prices set records for their fourth session in a row in New York trade on Friday as the US dollar weakened, making metals purchased in other currencies less expensive, and as investors worried about inflation, a possible shutdown by the US government, and the continuing unrest in the Middle East and North Africa, which [...]
More new highs for gold in New York trade
by Elaine Frei
June gold added $6 to close at $1,458.50 per troy ounce and was as high as $1,463.70 per troy ounce earlier in the session, to set closing and intraday highs in New York trade for the second consecutive session as investors worried about inflation and as the US dollar weakened, making purchases in other currencies [...]
Gold in new intraday, closing records in New York
by Elaine Frei
Gold hit new intraday and closing prices Tuesday, with prices supported by troubles in several regions of the world. June gold added $19.50 to close at a new record at $1,452.50 per troy ounce after setting a new intraday record high at $1,455.50 per troy ounce on fears that the inability of the US Congress [...]
Copper prices lower on stockpiles, manufacturing data
by Elaine Frei
Copper prices fell Friday, hurt by recent gains in stockpiles and decreased buying by China. May contracts for copper were down 5 cents to $4.26 per pound in New York trade, while three-month contracts went untraded at the close on the London Metal Exchange but were down $71 to $9,359 per tonne at last bids. [...]
Gold adds $15 to new closing high in New York
by Elaine Frei
May gold added $15 to $1,439.90 per troy ounce, a new record closing high that was nearly $1 higher than its previous record close, with gains coming as investors looked for safe places to put cash in the face of concerns about debt in the Eurozone and uncertainty over the outcome of political unrest in [...]
Gold prices gain on investor search for safety
by Elaine Frei
Gold prices were higher Wednesday as more investors looked for safe places to put their cash as they worried about ongoing fighting in Libya and continuing debt problems in parts of Europe, while concerns also remain about the nuclear crisis in Japan and anti-government demonstrations in the Middle East. Gains were held down, however, by [...]
Stronger US dollar sends gold prices lower
by Elaine Frei
June gold dropped $3.80 to $1,417.50 per troy ounce at the close of floor trade in New York on Tuesday, its lowest close in two weeks, after trading as low as $1,412.10 per troy ounce earlier before buying was improved by a Conference Board report that said its consumer confidence index fell in March due [...]
Demand worries take copper prices lower
by Elaine Frei
Base metals prices were lower Monday, with copper seeing declines in both New York and London trade on lack of demand in China, and on concerns that Japanese carmakers will have to shut plants in China due to a shortage of parts related to the 11 March earthquake and tsunami. Large amounts of copper are [...]
Gold prices up in New York on weaker US dollar, higher CPI
by Elaine Frei
The price of gold was higher in New York on Thursday as the US dollar weakened, consumer prices were reported up and the Labor Department reported that 16,000 fewer new unemployment claims were filed last week in the United States, from the previous week. The Commerce Department, meanwhile, reported that consumer prices were up 0.5 [...]
Gold makes small gains in New York trade
by Elaine Frei
The price of gold was slightly higher Wednesday, but came off bigger gains after the US dollar strengthened. April contracts for gold added $3.30 to $1,396.10 per troy ounce in New York trade, but was off its earlier high of $1,406.60 per troy ounce after gains for the greenback. Prices were higher on continuing concerns [...]
Copper prices up slightly on hopes for long-term demand gains
by Elaine Frei
Copper prices were up slightly Monday, helped a bit by anticipated demand gains in the longer term when Japan begins to rebuild in the wake of the earthquake and tsunami that struck the Asian nation Friday. May copper added less than a cent to $4.19 per pound in New York trade, while three-month contracts were [...]
Gold down $7 in New York
by Elaine Frei
Precious metals prices were lower in New York trade Tuesday. April contracts for gold ended the session down $7.30 to $1,427.20 per troy ounce on rumors that Libyan leader Muammar Qadaffi is attempting to negotiate his safe exit from the country after he resigns from office. The reports were said to come from his opposition, [...]
New York gold again closes at record high
by Elaine Frei
Gold closed out the floor trade session with its second new high in a row Wednesday, with April contracts ending $6.50 higher to $1,437.70 per troy ounce in New York trade. Gold followed oil prices higher as investors worried about new gains in oil prices, pushed upward by continuing civil unrest in oil producing regions [...]
Gold closes at new high on inflation fears
by Elaine Frei
Precious metals prices were higher Tuesday in New York trade, with April gold adding $21.30 to $1,431.30 per troy ounce, a new record high close. The gains for gold came after US Federal Reserve Chairman Ben Bernanke said before Congress that a long run of high oil prices would hurt the US economy, although he [...]
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 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 [...]
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 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 [...]