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Gold prices inched higher on the Comex division of the New York Mercantile Exchange on Monday, driven by a weaker dollar and thin pre-holiday trading volumes. The most actively traded contract, for February delivery, was recently up 0.2%, or $3.30, at $1,383.80 per troy ounce. The
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Copper prices remained near steady on Monday, following a Christmas Day interest rate hike in China, as the weaker dollar helped balance the move. The Comex copper futures contract for March delivery was recently down 0.1% at $4.2545 a pound, while the thinly-traded December-delivery copper futures was up
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The gold market remained steady on Wednesday as China's support for Europe's debt markets tempered the demand for safe-harbor assets. The most actively traded gold contract on the Comex division of the New York Mercantile Exchange was flat, with a slight decline of 0.1% or
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Pre-holiday trading volume was thin as market participants eyed a devastating accident at Chile's key copper export port, resulting in a 0.8% gain in the most actively traded Comex copper futures contract. The accident, which included the deaths of three people when a shiploading arm collapsed, halted
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Copper futures surged on Friday following the release of strong economic data from China, including record exports and imports, a trade surplus, and increasing property prices. The robust economic data from China, which consumes over 40% of the world's copper production, added to growing optimism about the global
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Copper prices surged to record highs on the Comex division of the New York Mercantile Exchange, driven by dollar weakness and comments from Federal Reserve Chairman Ben Bernanke. The most active contract for March delivery reached $4.1255 a pound, surpassing the previous highest settlement price of $4.0635 set
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The US employment picture showed an improvement, with 93,000 new private-sector jobs added in November, exceeding economists' expectations of a 70,000 gain. This positive economic data, combined with a weaker dollar, supported a rally in copper prices. The most actively traded copper contract, for March delivery, rose
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Copper prices were holding steady despite a troubled economic landscape, as investors await further developments in the wake of Ireland's bailout and ongoing strikes in Chile's copper mines. The March delivery copper contract on the Comex division of the New York Mercantile exchange was trading at
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Copper prices hit a sour note as the dollar surged, fueled by concerns over Portugal's potential sovereign debt troubles and a downgrade in the euro against the greenback. The December delivery contract on the Comex division of the New York Mercantile Exchange dipped 1.7%, or 6.3
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Copper futures on the Comex division of the New York Mercantile Exchange edged into positive territory on Wednesday, supported by upbeat economic news, recent price declines, and easing geopolitical tensions in the Korean peninsula. The most actively traded contract for December delivery rose 1.1%, or 4.05 cents, to
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Comex copper futures surged 2.7% on Thursday, fueled by strong US economic data and a weakening dollar. The most actively traded contract for December delivery settled at $3.8310 per pound, with prices supported by better-than-expected growth in Mid-Atlantic area manufacturing. The Federal Reserve Bank of Philadelphia's
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Gold prices fell sharply on the Comex division of the New York Mercantile Exchange as weak US inflation data and a decline in euro-zone concerns weighed on investor demand. The most actively traded contract, for December delivery, settled down $1.50, or 0.1%, at $1,336.90 per troy
