Gold prices moved little on Tuesday, but they managed to hold onto recent gains as investors looked for additional evidence that U.S. inflation was declining from recent peaks.While gold futures declined 0.2% to $1,736.35 per ounce, spot gold increased by over 0.1% to $1,725.70. As the dollar fell from a 20-year high reached last week,…
Copper futures increased by almost 4% on Thursday. With the gains, copper is now on track to post a weekly rise of more than 4%. The mine’s 44-day strike in 2017 caused a serious shortage of copper, which in turn drove up prices. On Friday, copper futures were unchanged. Copper prices were poised for a…
Zinc – the fourth most consumed metal worldwide after iron, aluminium and copper is witnessing an uptrend with a four per cent week-on-week increase in global prices. There has been a similar hike in India, too. Zinc cash prices in the LME was at $3,896 per tonne up 4% and the three month contract price…
Gold reached a three-week high in Asia on Wednesday morning during the previous session. The U.S. The weak dollar has encouraged the yellow metal as investors await minutes from the Federal Reserve’s recent policy meeting. During the previous session, gold futures rose 0.25% to $ 1,798.60 from June 17. The dollar, which normally moves against…
Copper continued to decline on Monday, reaching its lowest level since mid-April, as commodity price rallies and the U.S. After China restricts signals from the Federal Reserve, it will tighten monetary policy sooner than expected. On the London Metal Exchange (LME), benchmark copper fell 0.4% to $ 9,108.50 a tonne, hitting $ 9,011 at 1051…
Copper relaxed on Thursday, raising concerns over price controls after Chinese officials promised to keep a tab on rising commodity costs. Three-month copper was down 0.3% at $ 9,949 a tonne on the London Metal Exchange CMCU3, while the most-traded July copper deal on the Shanghai Futures Exchange SCFCV1 was down 0.2% at 71,480. As…
Copper prices fell on Monday as investors feared weaker-than-expected trade data from top consumer China. China’s copper imports fell 8% in May over the previous month as higher prices further dampened buying interest, beating overall export growth analysts’ expectations. “When we receive data like this from China, it shows the risk that their rapid growth…
Copper prices fell for a third day on Thursday as investors rallied in the U.S. on Friday. Waiting for work data will provide clues as to when monetary policy will tighten. Expectations of higher interest rates could hit growth-related assets such as metals and stocks. World stocks were at an all-time high and the dollar…
Copper fell on Wednesday as investors took some money off the table amid concerns that top consumer demand for China would ease, while a solid dollar cut the metal’s appeal. Benchmark copper was down 0.4% at $ 10,207 per tonne on the London Metal Exchange, trading at a narrow range of 1050 GMT. “Investors are…
Copper is one of the best Makes material Last year and as a result.The price of futures continues Multi Commodity Exchange (MCX) contract increased From about ₹360 last March. Topped the year and last at ₹745 Week of February. April’s future contract dropped about ₹732 to ₹664, losing 9%. However, the deal began Moving to…
