Saturday, 15 September 2012
OIL
Oil prices rose on Friday but settled below four-month highs hit in the session as concerns that high energy costs could threaten economic growth tempered hopes for stronger demand after the Federal Reserve launched its latest economic stimulus program.
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LME COPPER
London Metal Exchange (LME), three-month copper peaked at $8,411 a tonne, another high dating back to early May. It closed up $305 at $8,380.
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COPPER
Copper rallied Friday to its highest level in 4-1/2 months on the prospects of a demand boost from a new round of monetary stimulus from the Federal Reserve to boost the world’s largest economy.
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U.S.GOLD
U.S. COMEX gold futures for December delivery settled up 60 cents at $1,772.70.
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GOLD
Gold edged up on Friday, extending the previous session’s 2 percent rally to hit a six-month high after the U.S. Federal Reserve unleashed another round of bullion-friendly stimulus.
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