Palladium – The Wall Street Journal reported that palladium rose to its highest level in two months after Standard & Poor's raised its US credit rating up from negative to stable on the back of "the resilient economy, monetary credibility and the U.S. dollar's status as the world's key reserve currency."
Articles Tagged "US economy"
Nickel – Reuters reported that nickel reached its lowest in four months at $16,105 as concerns on economic growth casts doubt on the demand outlook.
Zinc – Bloomberg reported that zinc has finally recovered from a 5-month low, rising as much as 0.8% as US factory data shows an improved economy and stronger demand for industrial metals.
Palladium – Reuters reported that palladium declined 1.6% to $766.75/ounce in spite of strong auto sales in the US as optimism on the economy lifted US equities and weakened buying interest.
Tin – Bloomberg reported that industrial metals like tin have advanced as economic data from the United States and China boosted demand.
Tin – Reuters reported that nickel has fallen .1% as a solid US economy got another boost from a stronger dollar.
Platinum – Reuters reported that amid reports of US retail sales rising at its fastest pace in 5 months, investors have become optimistic about the US economy which resulted to a decline in spot platinum on Wednesday.
Palladium – Reuters reported that as US retail sales rise at its highest level in 5 months, palladium fell on Wednesday.
Oil – Reuters reported that Brent crude oil went up 1% Friday, and rose 3% for the week, as employment saw higher gains than forecast, based on the figures from the U.S. Department of Labor.
Tin – Reuters reported that tin and other metals close the week with small gains as China’s economy grew at 7.9%.