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Copper futures surged to their highest price in nearly two months, driven by a weaker dollar, economic data, higher equities, and firmer commodities. The rally was fueled by participants buying back previously sold positions, with the most-active March copper contract rising 11.45 cents, or nearly 7.8%, to settle
Dow Jones & Company Inc.
The commodities market witnessed a drastic decline in assets under management, falling by 43% in 2008 to $154 billion, a record low, according to a note from Barclays Capital. The sharp downturn in commodity prices was the primary contributor to this significant drop. Freeport McMoRan Copper and Gold Inc. (FCX)
Dow Jones & Company Inc.
Copper prices are anticipated to increase in the United States on Monday as the March copper futures are expected to open trading around 3 cents a pound higher based on electronic activity ahead of the pit session on the Comex division of the New York Mercantile Exchange. The rise in
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Copper futures closed higher on Friday as investors continued to buy on the coattails of gold's surge, despite a dismal global economy. The March futures hit a three-week low early in the day, but recovered to close at $1.4720 per pound, up 7.60 cents from the
Dow Jones & Company Inc.
On January 21, 2009, gold futures saw a softer close despite being mostly sideways during the day on the Comex division of the New York Mercantile Exchange. The February gold contract fell $5.10 to $850.10 an ounce. Some analysts attributed the selling to the metal's inability
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Market sentiment took a hit on Tuesday due to a stronger US dollar, a decline in crude oil prices, and concerns about the banking sector. The London base metals, including copper, fell overnight as traders anticipated a decrease in prices. Copper futures at the Comex division of the New York
Dow Jones & Company Inc.
Gold futures are expected to open trading in New York around $11 an ounce higher Tuesday, driven by buying activity from banks and funds, despite a stronger dollar and weaker crude oil prices. The rise in gold prices comes as investors seek safe-haven assets amid concerns about the financial sector.
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Despite a weaker start, gold futures saw a temporary rally only to erase those gains and end near steady, settling at $820.70 an ounce on the Comex division of the New York Mercantile Exchange. The metal's volatility was attributed to lower equities, a higher dollar, and a
Newspaper publishing
Gold futures experienced a sharp decline on January 12, 2009, settling at their lowest point in nearly a month. The February gold contract fell by $34, or nearly 4%, to settle at $821 an ounce on the Comex division of the New York Mercantile Exchange. This decline was attributed to
Dow Jones & Company Inc.
New York commodity markets are preparing for a potential downtrend on Monday as March copper futures are expected to open around 9 cents lower. The decline is attributed to a combination of factors, including the waning New Year buying boost, lower equities, and a stronger dollar. This comes after a
Dow Jones & Company Inc.
Soybean futures plummeted Monday on the Chicago Board of Trade, with the March contract falling 70 cents to $9.66 and its daily trading limit. The decline was attributed to the U.S. Department of Agriculture's report on higher-than-expected supply and lower usage, contradicting expectations of lower production
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Commodity index reweighting provided short-term support for copper futures, but economists remain cautious due to lingering economic concerns. The March copper contract on the Comex division of the New York Mercantile Exchange rose 12.4 cents, or nearly 8.5%, to settle at $1.5830 per pound, its highest point
