By Leia Michele Toovey- Exclusive to Copper Investing News
Copper rallied to a one week high on Monday as uncertainty over the U.S. banking bailout dropped the American currency in comparison to the yen and euro.
Further positive sentiment was extended as stocks fell in Asian warehouses, suggesting a pick-up of demand in China. Extra impetus to [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper started the week on the upside with the dollar’s decline instigating gains that strong- armed the market catastrophe’s negative sentiment.
As the week progressed though, copper futures ended lower as global economic growth concerns and further turmoil in financials weighed on sentiment. Copper prices were left near [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
On Monday, copper lead gains in metals traded on the London Metal Exchange (LME) as the greenback retreated from its recent stronghold.
The dollar’s recent run to new highs against the euro has extended losses for the metals; the recent pullback is getting people back in the bull [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Wednesday was the first day in five sessions that U.S. copper futures ended up.
The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper has declined [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper eased on Thursday as concerns of lack of demand overshadowed Wednesday’s dollar fuelled gains.
The benchmark August copper on the Multi Commodity Exchange of India was down 0.79 per cent at Rs 331.65 per kg. Copper for delivery in three months on the London Metal Exchange fell [...]
By Leia Michele Toovey – Exclusive to Copper Investing News
US copper was pushed to a two-week high on early Thursday trading, as a decline in the American currency made dollar-dominated commodities more attractive to investors. Signs that China, the world’s biggest user of the metal, may have a refreshing demand picture as the Olympics close, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper prices continued to be on an upswing on Monday, following last week’s selling spree. You may recall that last Wednesday, the red metal had plunged to a six-month low as investors’ economic concern had initiated a rapid sell off of the metal. The low was short-lived; [...]
By Leia Michele Toovey- Exclusive for Copper Investing News
Friday marked the kick-off of the Beijing Olympics, a milestone that has been long anticipated by the market. India’s copper futures opened with little change on Monday as rising stocks and shrinking demand continued to cap the upside. Early morning, the benchmark August copper on the Multi Commodity [...]
Monday, September 22, 2008
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