Friday, 26 April 2013
London copper held steady above the $7,000 mark on Thursday, keeping its 2-percent gain from the day before after a stream of poor economic indicators in Europe raised hopes for easier monetary policy, prompting shorts to rush for cover.
Spot gold fell $2.14 an ounce to $1,428.66 by 0045 GMT. Gold sank a combined $225 on April 12 and 15 in a sell-off that surprised ardent gold investors and bulls.
Gold inched lower on Thursday, hovering below a 1-week high hit earlier this week, as firm equities sapped interest in the precious metal, which has seen steady outflows on exchange-traded funds.
Thursday, 25 April 2013
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- SUPP 2: 5730
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- SUPP 1: 12335
- SUPP 2: 12060
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Three-month copper on the London Metal Exchange had edged up 0.11 percent to $7,037 a tonne by 0107 GMT, adding to gains from the previous day when it snapped a three-session losing streak to close up by 2.3 percent.
Tuesday, 23 April 2013
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Three-month copper on the London Metal Exchange had slipped 0.36 percent to $6,910 a tonne by 0108 GMT, extending losses from the previous session when it closed down 0.8 percent.
London copper slipped on Tuesday and was mired near 18-month lows on sluggish prospects for global growth, with traders waiting for China’s first economic report for the second quarter for clues on demand in the world’s top metals consumer.