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U.S. stocks were boosted by improving consumer confidence and encouraging economic news, despite downbeat results from Sears Holdings and the U.S. housing sector. The Dow Jones Industrial Average and the S&P 500 were moving higher, while the Nasdaq edged up. The improving economic climate was partly
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Gold prices slipped lower on Thursday due to the ongoing euro-zone debt crisis and a stronger dollar, as investors remained cautious about the financial health of European banks. The February gold contract on the Comex division of the New York Mercantile Exchange declined $3.80, or 0.2%, to $1,
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Copper futures rose sharply on Tuesday, boosted by a weaker dollar and strong US economic data, including a surprise jump in housing starts. The stronger euro, which broke above the $1.31 level, also contributed to the rise in copper prices. The industrial metal, widely used in residential construction, has
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Copper prices struggled to make gains amidst a stronger dollar and disappointment over the European Central Bank's (ECB) reluctance to launch a large-scale bond purchasing program. The Comex March copper contract fell 5.60 cents, or 1.6%, to settle at $3.5000 a pound, marking the third
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Copper prices faltered on Wednesday as doubts about the success of the upcoming European Union summit cast a shadow over the global economy. The stronger dollar pressured copper prices, despite the metal's critical role in the European market, where it is used extensively. The German government's
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The coordinated efforts by the Federal Reserve, European Central Bank, and four other central banks to cut the cost of U.S. dollar swap arrangements by 50 basis points have alleviated concerns of a cash crunch triggered by Europe's rolling debt crisis. This move has weakened the dollar,
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Copper futures rose for a second day, driven by better-than-expected U.S. consumer confidence data and a weaker dollar. The December copper contract on the Comex division of the New York Mercantile Exchange settled at $3.3760 a pound, up 1.55 cents or 0.5% from the previous day.
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Gold futures rebounded on Tuesday, driven by a calmer tone in global markets and bargain buying opportunities at lower prices. The most actively traded gold contract for December delivery traded up $15.20, or 0.9%, at $1,693.80 a troy ounce on the Comex division of the New
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Copper prices have seen a sharp decline amid growing concerns over the US budget talks and the simmering EU debt crisis. The US congressional supercommittee's inability to reach a budget deal has triggered fresh worries about government debt, leading investors to shy away from assets linked to economic
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Gold prices slid on the Comex division of the New York Mercantile Exchange as investors reconsidered the precious metal's appeal as an inflation hedge. The data showing a 0.1% decline in U.S. consumer prices for October eroded demand for gold, which typically surges when inflation concerns
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Asian demand for copper, combined with supply constraints and a healthy outlook for emerging markets, outweighed fading optimism about the euro zone's financial stability, causing copper prices to rise on Monday. The Comex December copper contract settled at $3.488 a pound, a 2.45-cent gain, as analysts
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Copper futures rebounded Tuesday after two days of losses, as upbeat sentiment in stock markets and supportive currency moves drew investors back to the industrial metal. The price of copper, used in a wide range of applications by the construction and manufacturing sectors, was boosted by a weakening dollar, which
