By Leia Michele Toovey- Exclusive to Copper Investing News
Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high.
Copper for September delivery [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the world’s [...]
By Leia Michele Toovey-Exclusive to Copper Investing News
Copper fell for a second day as a stronger dollar made the commodity more expensive for those holding in other currencies; the Dollar Index, a gauge of the currency’s value against six major counterparts, rose for a second day. Further downward impetus came as stockpiling inventories in China [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Copper climbed the most in over a week as dropping inventories signaled rising demand for the red metal. A huge drawdown in London Metal Exchange inventories provided the strongest boost to copper. Stockpiles monitored by the London Metal Exchange tumbled 2.4 per cent to 480,400 metric tonnes, [...]
By Leia Michele Toovey-Exclusive to Copper Investing News
Speculation that the worst may be over, when it comes to the recession sent the price of copper above $2.00 a pound on Thursday for the first time since October. Stock indexes rose in Asia and Europe this week and were poised for gains in the U.S. after [...]
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 index.
Copper’s [...]
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 COMEX [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend.
Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the course of [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
Volatile copper prices fell more than 2 per cent before turning positive on Thursday.
The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 moved up [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
With little relief in sight when it comes to the global economic crisis, analysts are expecting further downside for copper.
So far this year, COMEX copper prices are down nearly 60 per cent since their record high above $4.00 a lb in July. It is anticipated that U.S. [...]
Thursday, August 13, 2009
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