Apr
16
BASE METALS: Copper Ends Near Flat On Mixed Economic Data
April 16, 2012 | Leave a Comment
NEW YORK (Dow Jones)–Copper futures end near unchanged as traders weighed a decline in U.S. home builders’ confidence against an uptick in retail and food service sales. The most actively traded contract, for May delivery, settled 0.10 cent higher at $3.6280 a pound on the Comex division of the New York Mercantile Exchange. Copper prices [...]
Jul
12
Chile’s peso climbed for the first time in three days as copper prices rose on signs that Chinese demand for the metal is rebounding after a three-month slump. The peso gained 0.1 percent to 466.79 per U.S. dollar at 2:36 p.m. New York time, from 467.34 yesterday. “Chile’s peso is fundamentally a puppet pulled by [...]
Jun
14
Copper Up on China Demand View
June 14, 2011 | Leave a Comment
Copper futures snapped a four-session losing streak on strong economic data out of China, raising expectations that the world’s largest metals consumer will boost imports of copper. The contract for June delivery jumped 12.35 cents, or 3.1%, to $4.1540 a pound on the Comex division of the New York Mercantile Exchange, the highest settlement price [...]
Jul
6
NEW YORK July 6 – U.S. copper futures ended up at a one-week high on Tuesday, as improved risk appetite and a weaker dollar briefly boosted prices through the $3 per lb level, before a late reversal in equity markets dragged the red metal away from its session peak. For detailed report on global copper [...]
Jul
5
NEW YORK/LONDON, July 2 – Copper bounced on Friday, as the dollar fell against a basket of major currencies and investors digested key employment data in the United States. Copper for September delivery HGU0 on the COMEX metals division of the New York Mercantile Exchange ended up 3.90 cents, or nearly 1.4 percent, at $2.9160 [...]
Feb
24
Copper Futures Decline After U.S. Consumer Confidence Drops..
February 24, 2010 | Leave a Comment
Feb. 23 — Copper fell the most in almost three weeks after a report showed that confidence among U.S. consumers slid to the lowest level since April, a sign that the recovery in the world’s largest economy may be slow. The Conference Board’s gauge of consumer sentiment declined to 46 in February, the business-backed group [...]
Feb
18
METALS-Copper at 3-week high as economic prospects shine..
February 18, 2010 | Leave a Comment
* Copper in leadership role, signals economic uptick * Market awaits return of Chinese players * Copper stocks highest since 2003 (Changes headline, recasts with New York closing copper price, adds New York dateline/byline and analyst comments) By Chris Kelly and Maytaal Angel NEW YORK/LONDON, Feb 18 – Copper climbed to its highest level in [...]
Feb
16
METALS-Base metals rally to multi-week highs as dlr sinks..
February 16, 2010 | Leave a Comment
NEW YORK/LONDON, Feb 16 – Copper led a rally across the broader base metals complex on Tuesday, hitting its highest level in more than two weeks, as the dollar stumbled and markets recovered from last week’s sell-off. “I think we are still seeing some residual demand from last week,” said Catherine Virga, senior base metals [...]
Feb
9
Gold turns higher, copper rallies…
February 9, 2010 | Leave a Comment
LONDON: Gold prices turned higher in Europe on Monday, rising back above $1,070 an ounce, as the dollar’s retreat versus the euro boosted the metal’s appeal as an alternative asset. Spot gold was at $1,072.40 an ounce at 1608 GMT versus $1,065.55 late in New York on Friday, having earlier touched a high of $1,073.50. [...]
Feb
4
METALS-Copper tumbles to 3-mth low, dollar erodes sentiment..
February 4, 2010 | Leave a Comment
* Rising dollar triggers metals sell-off * Euro-zone fiscal woes/China tightening fears weigh * Chinese New Year to subdue volumes (Recasts with New York closing copper price, adds New York dateline/byline and analyst comments) By Chris Kelly and Michael Taylor NEW YORK/LONDON, Feb 4 (Reuters) – Copper prices plunged to their lowest levels in more [...]