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March copper futures are anticipated to open around 3 cents lower on the Comex division of the New York Mercantile Exchange, following overnight activity where base metals were mostly lower due to profit-taking by shorts and a strengthening dollar. Analysts have indicated that the metals may experience a resurgence in
Dow Jones & Company Inc.
Gold futures are expected to open around $25 an ounce lower Monday in New York, while March silver is expected to drop by about 50 cents. The decline in spot gold prices is attributed to a weaker euro against the U.S. dollar, with the euro trading at $1.3563
Dow Jones & Company Inc.
Copper futures ended the day near steady as a stronger dollar and weakening gold prices offset support from talk of infrastructure building in the United States. The Comex division of the New York Mercantile Exchange saw March copper rise 0.2 cent to settle at $1.4590 a pound. Analysts
Newspaper publishing
Thin trading conditions and profit-taking pressure gold futures prices on the Comex division of the New York Mercantile Exchange, despite a strong run in the previous days. Gold settled at $879.50 an ounce, a decline of $4.80 from the previous session. Meanwhile, silver prices rose due to short
Newspaper publishing
Gold prices are expected to open around $13 an ounce higher in New York on Monday, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. The metals rose overnight with the help of a sharp uptick in the euro against
Dow Jones & Company Inc.
Global aluminum inventories declined in November to 2.928 million metric tons, a 33,000-ton decrease from the previous month, as reported by the International Aluminum Institute. Meanwhile, base metals on the London Metal Exchange were mixed, influenced by a weaker U.S. dollar and concerns over slowing global economic
Dow Jones & Company Inc.
Copper futures are expected to open trading unchanged on Monday, amidst a holiday season marked by limited trading activity from major participants. The electronic activity ahead of the pit session suggests that copper and other base metals have largely drifted in London trading, influenced by small traders and speculators. Meanwhile,
Newspaper publishing
Copper futures took a downturn on January 4, 2008, due to profit-taking and weak non-farm payroll data, which came in short of Wall Street expectations. The most-active March copper contract settled at $3.1575 per pound on the Comex division of the New York Mercantile Exchange, down 3.05 cents
Newspaper publishing
New York traders were expecting a quiet Monday for the copper market, as thin holiday conditions and lack of leads from other markets resulted in quiet activity on the London Metal Exchange in Asia. The market was still digesting bearish U.S. economic data, including a soft housing report that
Dow Jones & Company Inc.
Copper prices continued their downtrend on Monday, Dec 31, 2007, as the metal struggled with concerns over the housing market and a strengthening U.S. dollar. The most-active March copper contract fell 3.1 cents to settle at $3.0410 per pound on the Comex division of the New York
Dow Jones & Company Inc.
Ahead of the New Year celebrations, the gold market is anticipating a lower opening in New York trading, with February gold futures expected to start the session around $2 lower at $840.20 an ounce. The February futures on the Chicago Board of Trade were down $2.40 to $840.
Commodity futures
The U.S. Department of Agriculture recently announced that the H5N1 bird flu detected in two Michigan swans earlier this month was low-pathogenic and not a threat to humans. Meanwhile, Japanese restaurant chain Zenshoku is set to serve U.S. beef starting Tuesday, a first among this nation's
