Friday 3 May 2013

LME COPPER


Three-month copper on the London Metal Exchange  rose 0.6 percent to $6,891 a tonne by 0108 GMT. Despite gaining since Thursday, the contract is down nearly 2 percent for the week, its second loss in three weeks.


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COPPER


London copper futures rose for a second session in a row on Friday, backed by the European Central Bank’s interest rate cut to support a recession-hit euro zone, although the modest gains indicated caution ahead of a U.S. jobs report.


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U.S.CRUDE


U.S. crude for June delivery was little changed at $93.80 a barrel by 0036 GMT after settling at $93.99 on Thursday. The contract jumped 3.3 percent in the prior session, its biggest daily increase since early November


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BRENT CRUDE


Brent crude held below $103 a barrel on Friday, holding on to most of its steep gains from the previous session when an interest rate cut by the European Central Bank boosted investors’ appetite for riskier assets


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SPOT GOLD


Spot gold hit an intraday high around $1,468 an ounce and stood at $1,466.74 by 0022 GMT, up only 50 cents from the previous close. Investors are waiting for U.S. non-farm payrolls report for April due on Friday, which will signal the longer-term prospects for the Fed’s monetary stimulus.


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GOLD


Gold edged up slightly on safe-haven buying on Friday, heading for a second straight weekly gain, after the European Central Bank cut interest rates to an all-time low and the U.S. Federal Reserve said it would keep up its bond purchases to spur growth.


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Thursday 2 May 2013

COPPER


Copper slid on Wednesday, extending its deepest monthly drop in almost a year in April, due to concerns over growth in top metal consumer China and in the United States after data suggested the world’s two biggest economies remain fragile.


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U.S.CRUDE


U.S. crude futures dropped for a third session running on Thursday, hurt by weak economic data from top oil consumers China and the United States although the Federal Reserve’s commitment to sustain monetary stimulus kept losses in check.


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BRENT CRUDE


Brent, which fell more than 2 percent on Wednesday, edged up 11 cents to $100.06 a barrel by 0233 GMT on Thursday after hitting a low of $99.51 — just shy of the prior session’s trough of $98.76.


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SPOT GOLD


Spot gold fell $1.18 an ounce to $1,455.56 by 0035 GMT, having shed more than 1 percent in the previous session — its biggest daily drop since the bullion’s historic decline in mid-April. It hit a low of $1,439.74 on Wednesday, the weakest since April 25.


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GOLD


Gold held near its weakest level in almost a week on Thursday, shrugging off the U.S. Federal Reserve’s decision to maintain its loose monetary policy, pressured by a drop in holdings on exchange-traded funds, equities and other commodities.


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LME COPPER


Three-month nickel on the London Metal Exchange closed down 3.7 percent at $14,820 a tonne after earlier tumbling to a session low of $14,788 a tonne, the weakest since July 2009.


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Monday 29 April 2013

COPPER


London copper drifted on Monday, after rising half a percent to log its biggest weekly gain since early February last week, as slower-than-expected U.S growth hurt the demand outlook, while hopes for further central bank easing lent support.


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U.S.CRUDE


U.S. crude futures slipped for the second straight session on Monday after data showed the U.S. economy grew less than expected in the first quarter, stoking concern over the prospects for demand in the world’s top oil consumer.


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BRENT CRUDE


Brent crude eased under $103 a barrel on Monday as investors fretted about the uncertain outlook for growth in the world’s two largest oil consumers, the United States and China.


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SPOT GOLD


Spot gold had risen $1.15 an ounce to $1,463.65 by 0025 GMT, having posted its biggest weekly gain in three months last week. Gold plunged to around $1,321 on April 16, its lowest in more than two years, in a sell-off that surprised ardent gold investors and bulls.


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GOLD


Gold ticked up on Monday, holding near its highest level in more than a week, as a rebound in prices from a 2-year trough failed to curb investor appetite for the precious metal.


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LME COPPER


Three-month copper on the London Metal Exchange  edged down by 0.26 percent to $7,011.75 a tonne by 0109 GMT, extending losses from the previous session when it closed down by 2 percent.


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