Economic Optimism Spurs Copper
Copper futures hit record territory in London Tuesday, buoyed by positive manufacturing data from around the world. Tuesday’s new high was the fifth time in the past seven trading sessions that copper hit a record.
Articles Tagged "comex copper"
Copper Prices Break Another Record
Copper climbed to a record in New York for a second day as a weaker dollar and increased investor appetite for commodities overshadowed China’s unexpected interest-rate hike.
Copper Surges to New High
Copper prices rose to record territory Tuesday, as a weak greenback boosted international investor’s demand.
US Demand Concerns Hit Copper Market
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
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
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
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
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
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
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.
