Speculation that the US Federal Reserve will loosen its monetary policy helped copper rally to a new high on Monday. Shanghai copper touched a 27-month peak, with copper for January delivery reaching its highest intraday level since July 2008.
Continue reading "Jitters over China’s Recovery Halt Copper’s Rally"
Tuesday, March 16, 2010
After hitting a two-week low Monday, copper climbed on Tuesday fueled by a declining greenback. The US dollar is taking a pause in anticipation of this week’s Federal Reserve meeting.
Continue reading "Copper Climbs on Weak Greenback"
Sunday, July 5, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery weighed on values. Higher than expected unemployment figures, coupled with weak housing figures triggered fears that an economic recovery is still far off. A rising greenback further cooled the copper [...]
Continue reading "Copper Prices Plunge ahead of Independence Day"
Friday, June 12, 2009
The Chilean peso has closed stronger against the dollar Thursday, tracking the gains the euro posted against the greenback and copper’s climb to a new year-to-date high. For full story, click here
Continue reading "Chilean Peso has closed stronger, Track Euro, Copper Gains"
Monday, June 8, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures rose Friday after government data showed the U.S. lost much fewer jobs last month than expected, fueling hopes for an economic recovery. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. [...]
Continue reading "Job data keeps copper in positive territory"
Friday, March 27, 2009
By Leia Michele Toovey-Exclusive to Copper Investing News Copper’s rapid ascent in 2009 reopened the question- are we there yet? Since the economic crisis started everyone has been seeking the answer to the elusive question- have we hit the bottom? The red metal, considered a barometer of economic health, has rallied 33 per cent so [...]
Continue reading "Is the bull about to make a comeback?"
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Tuesday, October 19, 2010