Newspaper publishing
Copper is expected to be a defensive strategic investment due to its strong demand from China, the world's largest metal consumer. Analysts at UBS AG are recommending copper as a key investment opportunity for those concerned about inflation. Additionally, Chile's state copper company, Corporacion Nacional del
Newspaper publishing
Copper prices saw significant fluctuations amidst record-breaking demand from various industries, while key players in the market faced numerous challenges. Inmet Mining Corp.'s planned merger with Lundin Mining Corp. will create a top-tier copper producer worth C$9 billion, and demand for the metal shows no signs of
Newspaper publishing
Copper futures surged on Tuesday, driven by growing investor optimism about demand for the industrial metal. The rally came as strong earnings from aluminum company Alcoa Inc. boosted the stock market and eased concerns about euro-zone sovereign debt, while the economic recovery also fueled increased demand for aluminum and copper.
Newspaper publishing
Gold prices rose 0.4% Friday, or $5.30 per troy ounce, to $1,377.00 on the Comex division of the New York Mercantile Exchange, following Federal Reserve Chairman Ben Bernanke's comments about the slow pace of the U.S. recovery. The mixed jobs data released earlier
Newspaper publishing
Investors shifted their preference from the refuge of gold to equities and industrial commodities after robust jobs data showed U.S. employers added 297,000 private sector jobs in December, exceeding analysts' forecast of 100,000 jobs. The data caused the dollar to strengthen, further pressuring dollar-denominated gold by
Newspaper publishing
Gold prices inched higher on the Comex division of the New York Mercantile Exchange on Monday, driven by a weaker dollar and thin pre-holiday trading volumes. The most actively traded contract, for February delivery, was recently up 0.2%, or $3.30, at $1,383.80 per troy ounce. The
Newspaper publishing
Copper prices remained near steady on Monday, following a Christmas Day interest rate hike in China, as the weaker dollar helped balance the move. The Comex copper futures contract for March delivery was recently down 0.1% at $4.2545 a pound, while the thinly-traded December-delivery copper futures was up
Newspaper publishing
The gold market remained steady on Wednesday as China's support for Europe's debt markets tempered the demand for safe-harbor assets. The most actively traded gold contract on the Comex division of the New York Mercantile Exchange was flat, with a slight decline of 0.1% or
Newspaper publishing
Pre-holiday trading volume was thin as market participants eyed a devastating accident at Chile's key copper export port, resulting in a 0.8% gain in the most actively traded Comex copper futures contract. The accident, which included the deaths of three people when a shiploading arm collapsed, halted
Newspaper publishing
Copper futures surged on Friday following the release of strong economic data from China, including record exports and imports, a trade surplus, and increasing property prices. The robust economic data from China, which consumes over 40% of the world's copper production, added to growing optimism about the global
Newspaper publishing
Copper prices surged to record highs on the Comex division of the New York Mercantile Exchange, driven by dollar weakness and comments from Federal Reserve Chairman Ben Bernanke. The most active contract for March delivery reached $4.1255 a pound, surpassing the previous highest settlement price of $4.0635 set
Newspaper publishing
The US employment picture showed an improvement, with 93,000 new private-sector jobs added in November, exceeding economists' expectations of a 70,000 gain. This positive economic data, combined with a weaker dollar, supported a rally in copper prices. The most actively traded copper contract, for March delivery, rose
