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 "ukraine"
The Alternative Investment Market in London fell 1.5 points, or 0.17 percent, to hit 895.77 points.
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.
Silver – Tension in the Ukraine brought silver up 1.42 percent, or $0.30, to trade at $21.49 per ounce this morning.
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.
Gas – Bloomberg reported yesterday that because Europe's natural gas stockpiles are currently at their highest level since at least 2009, it is unlikely that turmoil in Ukraine will cause a supply disruption.