Copper – Copper prices were up Aug. 26 thanks to expectations of an increase in demand from China, which recently posted positive economic data.
Articles Tagged "U.S"
Tin – Reuters reported that tin rose on Monday as investors’ confidence in global growth outlook increased after data showed strength in the U.S. and China economy.
Nickel – The Sydney Morning Herald reported that commodity prices mostly went up this week, with metals such as nickel winning support from the upbeat US and China economic data.
Palladium – The International Business Times reported that after its weak sales performance during Christmas, the price of palladium has risen by 0.6%.
Platinum – The Street Reported that platinum prices have dropped, along with other metals, Thursday.
Oil – Brent crude prices dropped on Thursday as concerns that the United States will not institute a deal to avoid mandated 2013 tax increases and spending cuts, risking a recession, countered support from data showing U.S. jobless claims fell last week.
Oil – Bloomberg reported that the United States is set to surpass Saudi Arabia as the world’s top oil producer, even if oil costs $60 a barrel, or $120. The country will see a boost in oil production due mostly to the oil companies’ use of shale formations to extract crude.
Palladium – Bloomberg reported that spot gold prices dropped as much as 1% to $1,694.35 per ounce. Other metals also declined to a one-week low, such as Palladium, which fell 0.7% to $685 per ounce.
Tin – Bloomberg reported that members of the U.S. Congress are asking the Obama administration to take a tougher stance against Rwanda in light of its support for the rebels in the Democratic Republic of Congo.
Oil – Brent crude oil traded approaches $107 a barrel on Friday after earlier being supported by a better-than-expected U.S. employment report and expectations of a recovery in Chinese growth.