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Copper futures declined Tuesday as investors took profit and the market stabilized at higher levels. May copper prices settled at $1.7240 a pound, a 2.3-cent decrease from the previous day. Analysts attributed the decline to profit-taking, with Sterling Smith, vice president of FuturesOne, stating that the market was
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Coffee futures closed modestly higher on Monday, driven by a rally on Wall Street, a weak U.S. dollar, and technical buying. The May coffee contract added 60 points to settle at $1.1075 a pound on ICE Futures U.S. Trading volumes were light, but market participants pointed to
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Copper futures surged on Monday, with May copper rising nearly 5% to settle at $1.7470 a pound on the Comex division of the New York Mercantile Exchange. The rally was fueled by higher equities, a lower dollar, and ongoing inventory draws. Market analysts attribute the rise to fund buying
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Gold futures surged on Wednesday, initially driven by bargain hunting and short covering, but then extending gains as equities faltered. The April gold contract rose $14.80 to settle at $910.70 an ounce on the Comex division of the New York Mercantile Exchange. Market analysts attributed the rally to
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Copper futures experienced a significant boost on March 10, 2009, driven by warehouse draws, a decline in the US dollar, and surging equity markets. The May copper contract rose 4.5 cents to close at $1.6845 per pound on the Comex division of the New York Mercantile Exchange. The
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Gold futures tumbled $24.70 to settle at $918 an ounce on the Comex division of the New York Mercantile Exchange, as profit-taking and a stronger dollar put pressure on the metal. The rally in equities also accelerated the losses in gold, as investors pulled money back into stocks that
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Gold prices declined in overnight trading due to profit-taking, and futures were expected to open around $5 an ounce lower on the Comex division of the New York Mercantile Exchange. The weak euro and rising crude oil prices also contributed to the decline. However, investors had previously re-established long positions
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Crude oil futures took a nosedive on Monday, shedding last week's gains as worsening economic prospects and oil demand weighed heavily on markets. The slump sent light, sweet crude for April delivery plummeting $2.88 to $41.88 a barrel on the New York Mercantile Exchange. The decline
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Fear and uncertainty in the markets led to a significant drop in U.S. May cocoa futures, with prices falling 8.3% to their lowest level in 11 weeks. The meltdown in commodities and equities, combined with a strengthening U.S. dollar, resulted in heavy speculative sales and a decline
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Amid the backdrop of a severe drought situation in China and a looming economic slowdown, global grain markets have entered a state of chaos. Grain futures on the Globex exchange traded lower, with China's wheat prices experiencing a mixed bag, while soybean futures on the Dalian Commodity Exchange
Dow Jones & Company Inc.
Gold futures fell $2.50 to settle at $940 an ounce in the Comex division of the New York Mercantile Exchange, despite fluctuations in the market. Analysts attributed the decline to profit-taking, as hedge funds and speculators sought to cover losses in other areas, including declining equities and commodities markets.
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Australian Environment Minister Peter Garrett has approved an open-pit expansion for Xstrata Plc's McArthur River zinc mine, which will immediately restart mining operations. Meanwhile, weak international demand for key Australian export commodities suggests a potential price decline for many minerals. The copper futures market remains uncertain, with some
