Three-month copper on the London Metal Exchange edged up $16 to $8,245 a tonne by 0135 GMT, after hitting a one-week low of $8,200 on Thursday.
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Friday, 4 May 2012
COPPER
Copper is down around 2 percent for the week so far, on track for its first weekly loss in three, as recent patchy economic data in big copper consumers China and the United States as well as a deepening slump in the euro zone cast doubts on the outlook for raw material demand.
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SPOT GOLD
Spot gold was down 1.1 percent at $1,635.20 an ounce by 3:16 p.m. (1916 GMT) for its biggest daily decline since April 4. It touched a one-week low of $1,630.70 earlier in trading.
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GOLD
Gold hardly changed at $1,635.26 an ounce by 0029 GMT, having dropped on Thursday to its lowest since April 25 at $1,630.70 after U.S. data showed services employment declined in April to its lowest level since December.
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U.S. MARKET UPDATE
U.S. stocks fell on Thursday as economic data sent mixed signals on the recovery a day before the April payrolls report, while shares of Green Mountain plunged after poor results.
The Dow Jones industrial average fell 61.98 points, or 0.47 percent, to end at 13,206.59. The S&P 500 Index dropped 10.74 points, or 0.77 percent, to finish at 1,391.57. The Nasdaq Composite lost 35.55 points, or 1.16 percent, to close at 3,024.30.
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Commodity Market Outlook :04-05-2012
Gold near 1-week low ahead of U.S. jobs data
U.S. stocks fell on Thursday
Copper set for weekly loss as growth fears weigh
U.S. oil was little changed early on Friday
U.S. crude stockpiles increased for a sixth week
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Thursday, 3 May 2012
Asian Stocks
Asian shares slipped on Thursday and the euro languished near a 2-week low after disappointing economic data from both sides of the Atlantic rekindled concerns about the strength of global growth.
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U.S.STOCK
U.S. stocks also eased on Wednesday as data showed a slowdown in private sector hiring, tempering the optimism from a better-than-expected manufacturing survey at the start of the week that had driven the Dow to its highest in more than 4 years.
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