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.
Reuters Africa reports that U.S. copper futures maintained momentum near a two-week peak above $3.90 per lb early Wednesday.
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.
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 [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Monday Oct 13 2008 is a day that will go down in history. This day, which was also Canadian Thanksgiving, and Columbus Day in the US, was the first day in a long time that the markets gained significant upward momentum. Oct 13 was a record [...]
By Leia Michele Toovey – Exclusive to Copper Investing News On Monday, copper futures extended their losses across all markets. On the MCX-copper futures fell 3.22 percent. On the New York Mercantile Exchange COMEX, US copper futures tumbled to a five month low with copper for September delivery HGU8 slipping 3.3 percent to $3.4595 per [...]
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