Confidence in US, China Growth Boosts Tin
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.
Articles Tagged "U.S"
Nickel Prices Rise on Algeria Unrest, Positive US and China Economic Data
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.
Price of Palladium Increases After Christmas
Palladium – The International Business Times reported that after its weak sales performance during Christmas, the price of palladium has risen by 0.6%.
Platinum Prices Drop, Natural Gas Gains
Platinum – The Street Reported that platinum prices have dropped, along with other metals, Thursday.
Brent Crude Drops As Fiscal Cliffhanger Pushes Caution
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.
U.S. Readies to Surpass Saudi Arabia Whether Oil Costs $60 or $120
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.
Gold, Palladium Plummet in a Week Amid Concerns About U.S. Budget Deadlock
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.
Congress Urges Obama Administration to Pressure Rwanda Over Congo Crisis
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.
US Jobs Growth Advances While Brent Crude Nears $107
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.
New Sanctions Measure Installed By Iran To “Lock-Up” Oil Profits
Oil – The United States has aggressively raised its use of financial sanctions this year to pressure Iran to stop pursuing nuclear weapons, but a measure that takes effect in February could have the most powerful impact yet, the Treasury Department's top sanctions official said on Thursday.
