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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
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Copper futures declined for a third consecutive day on November 8, 2011, as investors remained cautious about the Italian government's stability due to the country's struggling economy and debt crisis. The uncertainty surrounding the Italian government led to losses in copper futures, with the Comex December
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Copper prices suffered a 0.7% decline to $3.5645 a pound on the Comex division of the New York Mercantile Exchange, as a stronger dollar and the disappointing outcome of the G-20 meeting weighed on investor sentiment. The labor market showed modest improvement, but copper traders remained cautious, particularly
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Copper prices rose significantly on November 3, 2011, driven by relief over Greece's potential decision to abandon plans for a referendum on its financial bailout. The European Central Bank's surprise rate cut added to the metal's upward momentum, with the most actively traded contract
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European officials' failure to agree on a comprehensive solution to the sovereign debt crisis sparked a sell-off in copper futures on Tuesday, with prices falling 2% to their lowest level in weeks. The cancellation of a key meeting between EU finance ministers on Wednesday added to the gloom, as
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Gold futures surged on October 24, 2011, as investors grew hopeful about a potential European Union (EU) debt deal. The most actively traded contract for December delivery jumped $18.80, or 1.2%, to $1,654.90 a troy ounce on the Comex division of the New York Mercantile Exchange.
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Copper prices dropped on October 18, 2011, as investors remained wary of economic growth in China and European sovereign debt worries. Despite stronger equities, the metal's prices struggled to gain traction, ultimately settling down 0.5% at $3.3600 a pound on the Comex division of the New
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Copper prices have taken a hit as concerns over Europe's debt crisis continue to simmer. Despite earlier gains, the Comex December copper contract fell by 2.05 cents, or 0.6%, to $3.3880 a pound, weighed down by a stronger dollar and weaker equities. The region'
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The global mining industry continues to face significant challenges as strikes and market declines affect major producers. In Peru, an indefinite strike at Sociedad Minera Cerro Verde SA has entered its 13th day, with negotiations planned later this week. Meanwhile, precious metal exchange-traded products have seen $25 billion wiped from
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The US Congress is on the brink of voting on a trio of free-trade agreements with South Korea, Colombia, and Panama, which could see President Barack Obama handed a welcome gift during South Korean President Lee Myung-bak's upcoming state visit. Meanwhile, the finance ministers of the world'
