Platinum group metals, meanwhile, took a breather after hitting five-month highs earlier this week on supply worries related to a strike in top producer South Africa.
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Monday, 27 February 2012
SANGHAI COPPER
The most-traded May copper contract on the Shanghai Futures Exchange rose 1.3 percent to 60,370 yuan ($9,600) a tonne, chasing the LME's gains on Friday.
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LME COPPER
Three-month copper on the London Metal Exchange dropped 0.6 percent to $8,480 a tonne by 0119 GMT, after posting its best week since mid-January last week.
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COPPER
The most-active copper for February delivery on India's MCX last ended 0.18 percent lower at 417.20 rupees per kg.
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GOLD
Spot gold lost nearly half a percent to $1,772.19 an ounce by 0034 GMT, after posting a 3.3-percent gain last week.
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GOLD
The most-active gold for April delivery on the Multi Commodity Exchange (MCX) last ended flat at 28,664 rupees per 10 grams.
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U.S. MARKET UPDATE
The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery.
The Dow Jones industrial average dipped 1.74 points to close flat at 12,982.95. The S&P 500 Index gained 2.28 points, or 0.17 percent, to 1,365.74. The Nasdaq Composite rose 6.77 points, or 0.23 percent, to 2,963.75.
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Commodity Market Outlook :27-02-2012
Oil prices held near a 10-month high in early Asian trade
The S&P 500 rose on Friday to close at the highest level
LME copper falls on weight of weaker global outlook
yen slid to a new seven-month low against the dollar
Gold prices slipped on Monday
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