Silver – Bloomberg reports that Gold futures topped $1,400 an ounce and silver climbed to a 30-year high as the dollar’s slump boosted the appeal of precious metals as alternative investments.
Articles Tagged "slump"
Oil – Bloomberg reports that Oil rose, rebounding from a four- week low.
Copper – Bloomberg reports that Copper prices fell the most in four months on concern that China will act to slow its economy, eroding demand for metals.
The commodities market appears to be moving towards fundamentals. Companies are off to a good start in profits. There is good momentum. But analysts warn recovery is on a slow and bumpy road. The labor force increased by 11,000, which means that more Americans have resumed looking for employment. Moreover, in December too, consumer [...]
If new projects struggle to find their way onto the market, nickel prices could once again surge to US$ 50,000/t. Where does the answer lie? LME prices peaked at just over US$ 52,000/t in May 2007, on the back of strong demand and low stocks, but fell by over 80 per cent by [...]
Nickel Investing News reports nickel prices rally last week. Many analysts are still trigger shy at claiming the recovery is here, despite the continuing stream of data that points toward relief from the crisis, after the rapid slump altered expectations of how a recession should unfold. For the analysts that care to voice their opinion, [...]
Copper Investing News reports copper futures is on a positive momemtum at the beginning of the year. Copper started the New Year with a bang, but the positive movement was cut short as negative sentiment reigned supreme. Copper briefly moved up this week, on Tuesday, buoyed by investor short-covering and a steadier tone in the [...]
Crude Investing News reports oil prices falling due to the strengthening of the US dollar though the global outlook is grim. Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note. Keep in mind though that canned food and guns are among the few investments [...]