Copper Slips on Crude, Boosted by U.S. Auto Sales
Copper fell from a one-week high early Tuesday, as surging energy costs and inflation in China threatened to slow demand for the red metal.
Articles Tagged "new york mercantile exchange"
U.S. copper futures hold two-week peak after data
Reuters Africa reports that U.S. copper futures maintained momentum near a two-week peak above $3.90 per lb early Wednesday.
Strong Fundamentals Boost Copper
Copper prices were propelled to a five-week high as better-than-expected business and consumer confidence data overshadowed European debt concerns.
Copper Plunges on Bearish Data
An onslaught of negative data hit the copper market Tuesday sending the red metal down in early trading.
U.S. copper trims losses after Fed easing statement
Reuters reports that U.S. copper futures trimmed losses as the dollar stumbled after the Federal Reserve said it would buy $600 billion of longer-term Treasuries by the end of the second quarter of 2011.
Copper rallies after Fed Statement, to Hit 2009 Peak
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 [...]
Copper’s nine month high thwarted
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 [...]
Stonger greenback puts the brakes on copper's rally
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 [...]
Copper Leaps on LME inventory draw-down
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 [...]
Copper’s ascent sentiment-driven
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. [...]
