Prices of industrial and precious metals moved in opposite directions on Tuesday as copper gained 6 percent on inventory drawdowns while gold fell 3 percent as investor interest in exchange-traded gold funds weakened. Stephen Briggs, analyst at London’s RBS Global Banking & Markets, stated: We’ve had a pretty sharp fall in recent days in copper [...]
Most of the Base metals witnessed slight bounce back from last week’s lows with wide directional divergence seen as individual metals reacted differently to short-term influences as the last full week of 2008 ended on a volatile note. Copper gained 5 percent as the news of immediate financial aid to the US auto industry helped. [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
Copper futures reversed early gains and fell on profit-booking as gloom returned to the markets and worries over dwindling demand heightened, analysts said. For full story, click here
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