LONDON, Aug 9 (Reuters) – Copper prices marched up on Monday
boosted by expectations of healthy demand from top consumer
China, a weaker dollar and sliding inventories.
Benchmark copper CMCU3 on the London Metal Exchange was
trading at $7,454 a tonne at 1415 GMT from $7,370 at the close
on Friday. The metal used extensively in power and copper
earlier hit a high of $7,489 a tonne.
LONDON, June 25 (Reuters) – Gold rose nearly 1 percent on
Friday as investors sought refuge from financial market
uncertainty and currency depreciation as they awaited the
outcome of a weekend G20 meeting.
Data released earlier showing the U.S. economy expanded at a
2.7 percent annual rate in the first quarter, down from the 3
percent pace initially reported last month, increased its
safe-haven appeal. [ID:nN24163944]
LONDON (Reuters) – Investors interested in Africa’s resources but afraid of its political risks should consider that recent events in Europe and the United States have shown they are far from risk-free, a British fund manager said.
David Murrin, chief investment officer at UK-based Emergent Asset Management, acknowledged Africa could be hazardous for investors but cited by comparison Greece’s debt troubles and the banking crisis in Europe and the United States.
LONDON (Reuters) – Damage to copper demand from Europe’s debt crisis is likely to hurt prices of the metal, but that could be a buying opportunity because the market is tight and consumption in top consumer China is still strong.
But some think a weak U.S. housing market and a prolonged period of turmoil in Europe could wreck longer-term prospects for the metal used widely in power and construction.
LONDON (Reuters) – Gold steadied on Thursday, but analysts expect the precious metal to extend gains to new records over coming days as further waves of investor money come flooding into the market looking for safety.
Spot gold was bid at $1,234.10 a troy ounce at 1019 GMT from $1,236.35 an ounce late in New York on Wednesday, when it hit a record $1,248.15 on fears that a $1 trillion European rescue package will not solve the euro zone debt crisis.
LONDON (Reuters) – Gold surged to a record high on Wednesday as investors piled in, seeking safety from turmoil in government bond markets and the risks of Greece’s debt crisis spreading to other countries.
Spot gold hit $1,243.55 an ounce, a gain of nearly 20 percent since early February. It was bid at $1,240.75 an ounce at 1006 GMT from $1,232.05 late in New York on Tuesday. U.S. gold futures hit a record $1,244.80 an ounce.
LONDON (Reuters) – Gold hit its highest in more than a week on Wednesday as the dollar slipped against major currencies and longer-term fears over sovereign debt put a floor under prices.
Platinum jumped to $1,646.50 an ounce, its highest since January 20 on worries about supplies from South Africa, the world’s largest producer of the metal used to make autocatalysts that clean car emissions.
LONDON, March 30 (Reuters) – New-York based hedge fund
Touradji Capital Management is betting on improved demand for
nickel, helping the material used in stainless steel outperform
other base metals this year, traders and market sources said.
Benchmark nickel <CMNI3> on the London Metal Exchange has
gained more than 25 percent so far this year to around $24,000 a
tonne on Tuesday — making it the best performing base metal. By
contrast, benchmark base metal copper <CMCU3> has gained five
percent so far this year.
LONDON, March 25 (Reuters) – Strict rules are in place to
ensure conflicts of interest do not arise in metals warehouses
owned by banks or commodity traders, the London Metal Exchange
said on Thursday after two recent high-profile purchases.
The LME was responding to a question from Reuters on
whether the acquisition of Metro by U.S. bank Goldman Sachs
<GS.N> and of NEMS by commodities trader Trafigura could cause
problems in terms of access to sensitive information in
warehouses. [ID:nSGE61I04Z] [ID:nLDE6200W6]
NEW YORK/LONDON, March 19 (Reuters) – Copper came under pressure
on Friday as the dollar rose and investors worried about demand from
China, the world’s largest consumer of industrial metals.
Copper for May delivery <HGK0> on the New York Mercantile
Exchange’s COMEX division reversed down 2.30 cents to close at
$3.3725 per lb, moving from $3.3640 to $3.4110.