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U.S. futures in live cattle and lean hogs rose significantly on Wednesday, driven by a combination of rebounds in outside markets and strong demand from meat packers. The live cattle futures for October gained 1.4% to $1.227 a pound, while December cattle rose 0.9% to $1.
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Copper futures continued their losing streak for the sixth session, plummeting 4.1 cents or 1.3% to $3.0625 a pound on the Comex division of the New York Mercantile Exchange. The industrial gloom in Europe has caused a significant drop in metal demand, with analysts revising their copper
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Copper prices suffered a setback on Friday, falling 1.6% to $3.194 a pound, as weaker-than-expected global equities and US personal income data weighed on the market. The decline in copper prices is consistent with the metal's sensitivity to the growth outlook, as it is widely used
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Concerns over liquidity overshadowed any interest in buying gold at lower prices, causing the price of gold to plummet below $1,600. Despite a brief resurgence in the afternoon, gold ended the day at a four-week low, while silver futures posted mild losses. Platinum and palladium also suffered significant losses,
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Gold futures ended nearly unchanged Wednesday, as traders waited for the Federal Reserve's policy decision, which may have implications for short-term demand for gold as a refuge. The Federal Open Market Committee's two-day meeting concluded, with traders expecting some form of stimulative move to support the
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Investors are cautiously optimistic that the Federal Reserve will take steps to stimulate the US economy, sparking a rally in stocks on the back of a disappointing economic forecast from the International Monetary Fund. The IMF has reduced its US growth forecast to 1.5 percent this year and 1.
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Copper futures jumped sharply on September 15, 2011, after the European Central Bank announced a coordinated push to add liquidity into Europe's banking system, easing concerns about a looming liquidity crunch and European sovereign debt contagion. The move boosted confidence in the economic recovery, driving up the price
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Copper futures saw modest gains on Tuesday as concerns about Europe's debt problems temporarily eased, with German Chancellor Angela Merkel seeking to reassure markets that Germany is committed to helping Greece through previously announced measures. However, traders remain cautious and are looking to U.S. economic data due
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Gold prices remained relatively steady on Friday, September 9, 2011, as traders sought safe-haven assets amidst stock market declines. The December delivery gold contract on the Comex division of the New York Mercantile Exchange rose $1.30, or 0.1%, to $1,858.80 per troy ounce. The Standard &
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Copper futures slumped Thursday as concerns about slowing growth weighed on metals demand, with the commodity falling 2.05 cents to $4.1115 a pound on the Comex division of the New York Mercantile Exchange. The downturn came as the Labor Department reported a larger-than-expected increase in US jobless claims,
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Copper prices plummeted for a second consecutive day on September 2, 2011, as unexpectedly weak US employment data sent shockwaves through the markets, eroding investor confidence and weighing on the metal's prices. The US nonfarm payroll data showed a flat growth in August, with the government sector shedding
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Copper futures took a hit after the US government announced that August non-farm payrolls remained flat, with the unemployment rate stuck at 9.1%. The September contract for copper fell 6.20 cents, or 1.5%, to trade at $4.0805 a pound, touching a low of $4.0900 a
