London copper rose to a one-week high on Thursday as the market reopened
after the Christmas break, with Shanghai copper extending gains on data
showing strong corporate profits in the world’s top copper consumer
China.
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Friday, 28 December 2012
U.S.CRUDE
U.S. crude led Wednesday’s gains, up $2.17 from Monday’s close to $90.77
a barrel, but trading activity remained subdued. About 150,000 lots had
changed hands, roughly a third of the daily norm.
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BRENT CRUDE
Brent crude held most of those gains by mid-morning, up $1.76 or 1.6
percent at $110.56 a barrel by 1530 GMT, on track for its biggest
one-day rise since mid-November. Volume was about one-sixth the average
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SPOT GOLD
Spot gold had dropped $2.83 an ounce to $1,656.66 by 0025 GMT, but still off a 4-month low struck last week.
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GOLD
Gold inched down on Thursday, giving up overnight gains in thin
post-Christmas trade, with investors keeping a close eye on talks
between the White House and Congress to prevent the U.S. economy from
plunging into recession next year.
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