Today's US jobs data pushed precious metals down, but gave Brent crude a boost. Meanwhile, copper sank this morning on the back of a bond default.
Articles Tagged "russia"
The Alternative Investment Market in London fell 1.5 points, or 0.17 percent, to hit 895.77 points.
Palladium – Strikes at the operations of South Africa's major platinum miners, along with the news that the United States is prepared to enact trade sanctions on Russia, pushed palladium to an 11-month high yesterday.
Palladium – Forbes reported that palladium rose to its highest price in 11 months on the back of concerns that sanctions on Russia could disrupt the country's exports of the precious metal.
Silver – This morning, silver rose 0.2 percent, or $0.04, to $21.19 an ounce. Precious metals remained largely unchanged today with investors awaiting forthcoming US data for information on the economy's health.
Copper – Today, three-month copper on the London Metal Exchange was up 0.2 percent, or $13.96, to $6,979.50 per tonne. Similarly, copper futures for May delivery on the COMEX rose 0.6 percent, or $0.02, to trade at $3.191 per pound.
Gold – This morning, as tensions in Ukraine receded, gold fell 1.3 percent, or $17.34, to $1,333.50 an ounce. Meanwhile, US gold futures for April delivery were down $16.70 an ounce, to $1,333.50.
Silver – Today, silver fell 0.65 percent, or $0.14, to trade at $21.24 an ounce.
Gold – This morning, gold gained more than 1 percent, or $17.85, to trade at $1,343.64 an ounce. Meanwhile, gold futures for April delivery rose 1.73 percent, or $22.90, to hit $1,344.50 per ounce.
Diamond – The Economic Times reported that in order to ensure a steady supply of diamonds, India is looking into a deal with Russia's ALROSA (MCX:ALNU). Specifically, the company is hoping for state-run MMTC Ltd. to arrange a long-term agreement with the company.