By Chris Kelly NEW YORK (Reuters) – Copper prices in New York extended gains to new one-month highs in after hours trade on Wednesday after minutes of the most recent Federal Reserve policy meeting indicated the central bank was likely to further ease monetary policy “fairly soon” unless the economy improves. “Many members judged that…
Mon Aug 20, 2012 1:17pm EDT * Speculators bet on fall in S. Africa platinum output * Charts show platinum near overbought territory * Gold-platinum spread narrows after platinum rally By Frank Tang NEW YORK, Aug 20 (Reuters) – Platinum prices jumped nearly 2 percent on Monday, hitting a two-month high after deadly violence at a mine…
Fri Aug 3, 2012 3:35pm EDT * U.S. non-farm payrolls rise by 163,000 in July * Dollar falls vs euro; copper jumps over 1.5 pct * Copper open interest reflects lack of conviction By Chris Kelly and Susan Thomas NEW YORK/LONDON, Aug 3 (Reuters) – Copper jumped by the most in three weeks on Friday…
Fri Aug 3, 2012 11:37am EDT * US jobs growth in July slow enough to point to Fed stimulus * NY crude up more than 4 pct to above $91 * Grains markets snap profit-taking bid on fresh crop yield worry By Barani Krishnan NEW YORK, Aug…
Published: Monday, 30 Jul 2012 | 4:04 PM ET The metal gained 2.5 percent last week, its biggest weekly performance in eight, after European Central Bank President Mario Draghi pledged to do whatever is necessary, within the ECB’s mandate, to prop up the euro. ECB insiders said bold action including resuming the central bank’s bond-buying program and…
Published: Tuesday, 31 Jul 2012 | 8:42 AM ET NEW YORK, July 31 (Reuters) – Spending by American consumers fell in June for the first time in nearly a year when accounting for inflation, suggesting the economy lost momentum as it ended the second quarter. COMMENTS: MATTHEW LIFSON, SENIOR TRADER AND ANALYST, CAMBRIDGE MERCANTILE GROUP,…
Tue Jul 31, 2012 9:27am EDT * Fed meets Tuesday-Wednesday, ECB and BoE on Thursday * Markets expect central bank action, timing uncertain By Ellen Freilich NEW YORK, July 31 (Reuters) – U.S. Treasury debt prices rose on Tuesday as Federal Reserve officials were set to begin a two-day policy…
By STAFF REPORTER FRI: 7.27.12 Karachi: Gold rose for a third session on Thursday, boosted by hopes of more monetary easing after European Central Bank President Mario Draghi pledged to do whatever was necessary to protect the euro zone from collapse. The metal briefly climbed over 1 per cent, lifted by a rally on Wall Street…
Fri Jul 27, 2012 5:21pm EDT * Grains lead gains after rains trigger weekly decline * Oil, gold, copper all ride risk rally to higher ground * After middling GDP, focus shifts to Fed meet next week By Jonathan Leff NEW YORK, July 27 (Reuters) – Commodities rose the most in over a week on Friday,…
By Chris Kelly and Harpreet Bhal NEW YORK/LONDON | Fri Jul 27, 2012 2:39pm EDT (Reuters) – London copper futures rolled gains into a fourth straight day on Friday, buoyed by growing expectations of further stimulus action from both the U.S. Federal Reserve and the European Central Bank. Dollar-denominated copper prices received an additional boost from the euro, which rallied to…