U.S. copper futures gained ground at the open on Thursday as surging equity markets and falling inventories buoyed sentiment, but a rebound in the dollar and investor caution ahead of next week’s bank stress test results capped the advance. For full story, click here
Copper futures on Wednesday have recovered 0.76 per cent on the back of covering-up of short positions by speculators amid better trend in the international markets. For full story, click here
India copper futures bent down on Friday tracking overseas markets, where the rally ran out of steam after soft economic data from China and a strong dollar overseas. For full story, click here
The Chilean peso closed firmer against the U.S. dollar Thursday on the gains in the Dow Jones Industrial Average and other U.S. markets as well as on surging copper prices. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper has rallied 31 per cent in the first quarter of 2009; since December 26, the red metal’s price has increased 47 per cent. This rapid upward swing has earned the metal the title best performer among the 19 raw materials tracked by the RJ/CRB commodity [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures closed with moderate losses on Wednesday but pushed into positive territory in after hours trading following the U.S. Federal Reserve’s announcement to purchase long-term Treasury debt. Copper for May delivery finished $0.75 lower at $1.7165 a lb on the New York Mercantile Exchange’s [...]
Supported by overseas markets, India copper futures traded slightly higher on Thursday, but the upside was limited due to a strong rupee. Kunal Shah, an analyst with Nirmal Bang Commodities in Mumbai, said: Copper would trade in a range of 192-199.50 and would require further triggers for direction. For full story, click here
Copper stepped high as firmer global equity markets and a weaker dollar underpinned sentiment, while another steep decline in inventories helped to keep prices buoyed near their November highs. For full story, click here
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