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Gold futures snapped a six-day winning streak on Thursday, falling from all-time highs as hedge funds took profits from the metal's record prices. Despite the decline, gold prices remained near record levels, supported by ongoing investors' appetite for the precious metal as a refuge investment. Analysts attribute
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Copper prices saw a small increase on Tuesday after data showed a rise in home prices in the US. The December delivery copper futures contract, the most actively traded, rose 0.2% or 7 cents to $3.6040 per pound on the New York Mercantile Exchange. This increase is driven
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Copper futures declined on Monday due to concerns over the US housing market, with the most actively traded contract settling at $3.5045 a pound, a 0.5% decrease from the previous day. The decline marks a pause in the upward trend of copper prices, which had reached their highest
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Copper futures, sensitive to the housing outlook due to its widespread use in wiring and piping, traded near steady Monday as market participants grappled with the balance between strong demand from emerging markets, particularly China, and the sluggish recovery in the US and Europe. The December contract on the Comex
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Crude oil futures surged to a one-month high on Monday, reaching $77.50 a barrel on the New York Mercantile Exchange, as refiners scrambled to secure replacement oil supplies after a major pipeline shutdown. The Enbridge Energy Partners LP's 670,000-barrel-a-day Line 6a pipeline, which supplies over 3%
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China's robust industrial production, which surged 13.9% in August, has boosted the outlook for future oil demand, driving crude futures to a one-month high. The continued shutdown of a major pipeline carrying Canadian crude to U.S. refiners also supported prices, despite robust stockpiles reducing the likelihood
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Copper futures prices dropped slightly, despite the news of higher Chinese imports, as market participants worried that China could tighten its monetary policy and reduce demand for the industrial metal. The decline in copper prices came as the release of key inflation data was moved forward to the weekend, sparking
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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
