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US stocks were initially expected to rise following better-than-expected job numbers that sent unemployment to its lowest level since February 2009. However, investors were left unimpressed as the Dow Jones Industrial Average, S&P 500, and Nasdaq failed to show significant gains. Despite this, European stocks were rising, led
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Gold and silver prices experienced significant gains on Tuesday, with gold rising to its highest settlement price since December 23 and silver surging 5.9% on brighter economic outlook. The weaker US dollar and strength in global manufacturing activity, particularly in China and India, contributed to the rally in precious
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Copper futures rose 3.05 cents to $3.4405 a pound on the Comex division of the New York Mercantile Exchange, marking a cautious optimism in European equities markets and a steady euro after a successful Italian debt auction eased worries about the short-term stability of the euro zone. The
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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
