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The copper market's rally paused on Tuesday, September 7, 2010, as investors turned to the US dollar in response to fresh concerns about European banks. Despite this, copper prices remain near four-month highs, fueled by economic indicators and signs of potentially stronger consumption of the metal. Analysts suggest
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Gold futures remain in positive territory amid general market skittishness and a weaker U.S. dollar, despite a stronger-than-expected U.S. jobless claims reading. The metal's price was recently up $2, or 0.2%, at $1,250.10 an ounce on the Comex division of the New York
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Chicago Mercantile Exchange pit-traded lean hog futures were expected to open flat to lower on Monday, following the declines seen on Friday and mostly lower calls for cash prices. The uncertainty about wholesale pork prices ending the week may keep buyers on the sidelines, while short-covering and technical support could
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Stocks are experiencing a mixed session as the economy shows signs of improvement. Despite a drop in new claims for jobless aid, economists had expected a more significant decrease. The Labor Department reported a seasonally adjusted 473,000 new claims, a decrease of 31,000 from the previous week. This
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South African mineworkers' union and Impala Platinum Holdings Ltd. signed a wage agreement, while shareholders approved a A$9.5 billion takeover by Newcrest Mining Ltd. of Lihir Gold Ltd. African Rainbow Minerals Ltd. warned of potential 39% earnings decline due to currency fluctuations. Horizonte Minerals PLC secured funding
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As the global economy continues to grapple with uncertainties, gold prices are expected to rise to $1,400 over the next two years, according to Aurizon Mines Ltd. This prediction comes as gold miners such as AngloGold Ashanti Ltd. report increased production and earnings, despite booking a loss for the
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As the meat industry continues to navigate through a changing landscape of supply and demand, major players such as Tyson Foods Inc. and McDonald's Corp. are reporting significant strides in their respective sectors. Despite concerns over climbing chicken supplies, Tyson President and Chief Executive Donnie Smith is confident
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Gold futures rose for a seventh consecutive day on August 5, 2010, as investors sought refuge assets due to weakness in other markets. The gold contract for December delivery settled at $1,199.30 an ounce, up $3.40 from the previous day. The rally in gold prices was attributed
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Concerns over the US economy and China's property sector contributed to a decline in copper prices, with the most actively traded copper contract for September delivery dropping 5.1 cents, or 1.5%, to $3.3535 a pound on the Comex division of the New York Mercantile Exchange.
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Copper futures are sharply higher on Wednesday as company earnings and strong economic growth foster a more positive outlook for the metal's demand. The world's largest publicly traded copper producer, Freeport-McMoRan Copper & Gold Inc., reported a significant increase in second-quarter profit that exceeded analysts'
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Crude oil futures are trading lower on Tuesday, containing concerns about economic growth. Despite a push higher on Monday, equities markets are expected to open lower, and housing data has shown a drop in new construction. This has led to concerns about future energy demand, causing crude prices to remain
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A firm equity market and gains in other commodities like gold and crude oil have sparked speculative buying interest in copper futures, with prices rising 0.54% to $3.0250 per pound on the Comex division of the New York Mercantile Exchange. Traders are keeping a close eye on the
