Tag Archive | "comex copper"

US Demand Concerns Hit Copper Market

Tuesday, August 24, 2010

Fears that the economic recovery is about to stall caused bell weather copper to fall its most in five weeks.

Copper Pauses Ahead of Fed Statement

Tuesday, August 10, 2010

Copper plunged to a near two-week low Tuesday, as investors worried that the recent rally has been overdone. Benchmark copper for three-month delivery on the London Metal Exchange traded at $7,250 a tonne from $7,425 at the close on Monday.

Copper Drops from 10 week High

Tuesday, July 27, 2010

Copper enjoyed a welcome relief rally last week; but on Tuesday, the recovery was snapped as negative consumer sentiment sent equities across the US and Europe downward.

Copper Demand to Outpace Supply

Tuesday, July 20, 2010

Copper commenced Tuesday in positive territory, extending Monday’s winning streak on the back of the longest run of inventory declines in over a year. Copper is ignoring overall market sentiment as lower than anticipated earnings reports from both Goldman Sachs and IBM wreaked havoc on the American and European stock markets.

Copper Rises with Economic Optimism

Monday, June 28, 2010

Easing concerns over the state of the global economy sent copper on its first winning streak in months. Monday marked the fourth straight day that the metal was in positive territory. Copper closed last week with the biggest weekly gain in over four months.

Finally, Some Relief for Copper Prices

Tuesday, June 15, 2010

Copper prices started Tuesday’s session flat- after a welcome rally on Monday. Monday marked the sixth straight day that the red metal rallied; the longest ascent the metal has experienced in more than five months.

Copper on Track to Erase Post Recession Gains

Tuesday, June 8, 2010

If copper continues down the same path, by week’s end the industrial metal may hit values not seen since the recession. Copper opened Tuesday’s session with volatility, swinging between gains and losses in line with the greenback.

S&P’s Downgrade Halts Copper’s Rally

Tuesday, April 27, 2010

On Tuesday, copper plummeted to its lowest level since March, falling from the previous rally achieved on the back of higher than expected US home sales data.

Goldman Fraud Charge Hits Copper Prices

Tuesday, April 20, 2010

As news over impending fraud charges against leading commodities player Goldman Sachs hit the market last Friday, copper witnessed considerable downside. Risk averse investors jumped from their positions, sending copper plummeting to a three month low.

China’s Credit Tightening Bad News for Copper

Tuesday, April 13, 2010

Copper prices backed off from the 20-month peak they scaled on Monday as China’s clamp down on credit stirred fresh fears that the red metal’s rally has been overdone.

Copper Price Chart
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