Copper Recovers on Bargain Hunting
Copper prices staged a modest recovery on Monday, gaining 4.4 percent on the COMEX and 4.1 percent on the LME, as investors digested last week’s slide to a 14-month low as an opportunity to bargain hunt.
Articles Tagged "NYSE:GS"
Copper Regroups After Goldman Issues Bullish Commodities Report
Copper prices recovered Tuesday, as investors were drawn back into the copper market as investment powerhouse Goldman Sachs (NYSE:GS) reported that current copper prices offer "an attractive opportunity" to establish long positions.
Copper Hesitates ahead of US Federal Reserve Statement
U.S. copper futures finished lower on Tuesday, as investors exercised caution ahead of the Federal Reserve's monetary policy meeting. Copper has backed off its recent multi-year high, as a result of concerns over the recovery it the world’s second largest copper consumer- the United States of America.
Goldman Fraud Charge Hits Copper Prices
As news over impending fraud charges against leading commodities player Goldman Sachs hit the market last Friday, copper witnessed considerable downside. Risk averse investors jumped from their positions, sending copper plummeting to a three month low.
