Aluminium
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, [...]
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, [...]
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 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, [...]
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 [...]
Copper prices gain despite London inventories rise, China demand concerns
by Elaine Frei
Copper prices were higher Wednesday, helped by a Commerce Department report showing that new home sales in the United States were up in December, but the gains were limited by concerns about demand in China on the news that the government there has raised the required down payment on second homes and as trade slowed [...]
Copper, tin, gold prices gain as other metals see declines
by Elaine Frei
Copper prices were higher Monday as investors had fewer concerns about demand in China and as the US dollar weakened, making commodities less expensive for buyers using other currencies. The easing of concerns about China’s demand for the metal used in manufacturing and construction came on analyst predictions that the Asian country will keep using [...]
Gold and silver decline; platinum and palladium see gains
by Elaine Frei
The price of gold fell again Friday, but some precious metals and most base metals were higher on the session. February gold was down $5.50 to $1,341 per troy ounce in New York trade after trading in a range between $1,337 per troy ounce and $1,349.70 per troy ounce during the session. It was the [...]
Gold prices fall on China concerns, US data
by Elaine Frei
February contracts for gold dropped $23.70 to $1,346.50 per troy ounce in New York trade on Thursday as the US dollar strengthened and investors remained concerned about what China might do regarding monetary policy there after a report showed that its economy is still growing. Also pushing gold prices lower was improved sentiment about the [...]
Gold prices rise on physical demand, weaker US dollar
by Elaine Frei
February contracts for gold added $7.70 to 41,368.20 per troy ounce in floor trade in New York, Tuesday, helped out by a weaker US dollar and physical demand in Asia head of the Lunar New Year holidays there at the beginning of February. Demand for gold coins and bars has been reported up by both [...]
Gold drops $28 per ounce on less demand for safety
by Elaine Frei
The price of gold headed lower Friday, to its lowest close in over a month and a half on fewer concerns about the European debt troubles as investors hoped that those problems are on the way to being solved and were less interested in gold as a safe place to put their cash. February contracts [...]
Copper prices hurt by Asia concerns
by Elaine Frei
Copper prices were lower Thursday on concerns that China might tighten monetary policy again, which could hurt demand there, while there were also worries that demand will be lower for the rest of the month, heading into the Lunar New Year holiday season at the beginning of February in Asia. Also pushing prices down was [...]
Copper prices down on fears China will tighten policy again
by Elaine Frei
Copper prices fell Friday in New York and London on concerns by investors that China will continue to tighten monetary policy in order to contain inflation, which could end up cutting demand for copper and other base metals there. February copper was down 5 cents to $4.28 per pound in New York trade, while three-month [...]
Copper, gold in significant declines
by Elaine Frei
Metals prices were lower Tuesday as the US dollar strengthened and as the London Metal Exchange came back to work after an extended New Year’s Day holiday. Copper saw gains on higher inventories which prompted speculation that there will be enough supply to meet demand and on a prediction that prices could drop by as [...]
Copper gains on manufacturing data; gold, silver decline
by Elaine Frei
Metals prices were mixed Thursday as precious metals such as gold and silver declined but copper and some other base metals advanced on signs that manufacturing activity is expanding in China and parts of the United States. March copper added 5 cents to $4.36 per pound in New York trade after going as high as [...]
Copper drops on data, inventory gains
by Elaine Frei
Copper prices were lower Thursday as US markets closed early ahead of the Christmas holiday this weekend, falling on supply concerns and higher stockpiles in London-monitored warehouses. March copper was down 2 cents to $4.26 per pound in holiday-shortened New York trade, while three-month contracts on the London Metal Exchange dropped $50 to $9,300 per [...]
Metals prices mixed in slow trade before holidays
by Elaine Frei
Metals prices were mixed on Wednesday as trade volumes declined ahead of Christmas Day, coming up this weekend, with many investors already away on holiday. Three-month contracts for copper were down $15 to $9,350 per tonne on the London Metal Exchange after prices it new record highs in both London and New York yesterday, while [...]