Copper Advances amid Signs of Global Growth
Copper advanced today on hopes that global economic growth will support demand for the industrial metal. US durable goods orders grew as much as 4.6 percent in December, beating the forecast of 1.8...
View ArticleEconomic Growth Around the World Spurs Prices for Crude
Crude oil rose today as signs of global economic growth spurred hopes that demand for fuel will increase. The US services Purchasing Managers’ Index was at 55.2 percent in January, near the December’s...
View ArticlePlatinum at 16-Month Record on Supply Concerns
Platinum rallied today, reaching the 16-month high, on concerns that supply will fall, while demand is likely to pick up. Gold followed in gains, while silver and palladium retreated. Anglo American...
View ArticleCopper Price Rises as Demand from China Expected to Grow
Copper futures posted the biggest gain in a week in New York today as Chinese trade data improved prospects for the metal. According to the government data, China’s imports climbed 29 percent and...
View ArticleIndustrial Metals Tumble amid Negative Fundamentals
Aluminum fell today and posted the biggest weekly drop in 14 months on speculations that Chinese supply will add to global surplus. Other industrial metals, including copper, also declined. The...
View ArticleHave Traders Seen End of Bull Market for Gold? Not Necessarily
Gold was disappointing traders so far as it was falling since October and any bounce could be considered a bull trap, hurting anybody who has tried to buy the metal on hope that it would regain its...
View ArticleMacroeconomic Data Points at Lower Demand for Crude Oil
Crude oil fell today as unfavorable macroeconomic report from China spurred concerns that growth of the second-biggest world economy is slowing. China’s non-manufacturing Purchasing Managers’ Index...
View ArticleSoybeans Fall, Market Still Looks Bullish
Soybeans fell today after yesterday’s rally. The oilseed reached the highest level in more than a week and may yet rally again amid favorable fundamentals. China, the biggest soybean consumer, is...
View ArticleDemand Estimates Drive Cotton Higher, Hurt Wheat & Soybeans
Cotton advanced today on speculations that demand from China will increase. The US Department of Agriculture boosted its estimate for consumption in the Asian nation this year to 36 million bales,...
View ArticleCotton Extends Drop as Underproduction May Turn Overpriced
Cotton, which is in a rally since November 2012, resumed its decline from a yearly maximum reached on March 15. The main idea behind the rally was an increasing global demand combined with farmers’...
View ArticleChina’s & US PMIs Weaken Copper & Silver, Boost Gold
Copper and silver declined due to worse-than-expected manufacturing data from the United States and China. The poor macroeconomic indicators boosted demand for safety, helping gold to rally. US...
View ArticleCopper & Zinc Rebound After Drop
Zinc fell today, before recovering, on concerns that economic slowdown will hurt demand for the metal. Analysts estimated that China’s economic growth was at 8 percent in the first quarter of 2013,...
View ArticleGold Posts Record Drop in 33 Years, Silver Also Suffers
Gold continued to fall today after yesterday’s drop, which was biggest daily drop since 1980. Other metals followed in decline. The drop was caused by the report that showed unexpected slowdown of...
View ArticleSwelling Inventories Make Copper Cheaper
Copper futures dropped in New York today as stockpiles grew to the biggest level in 10 years. At the same time, demand was wavering amid concerns about global economic growth. Inventories monitored by...
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