Three-month copper on the London Metal Exchange had risen 0.55 percent
to $8,155 a tonne by 0109 GMT, extending gains from the previous
session when it hit a one-week peak at $8,165 a tonne.
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Friday, 11 January 2013
COPPER
London copper rallied on Friday to near a one-week high hit the session
before after China’s export demand improved in December, while dollar
weakness also helped after the European Central Bank gave no indication
of further rate cuts.
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U.S.CRUDE
U.S. February crude was up 92 cents at $94.02 a barrel, after reaching
$94.70, the highest price for front-month crude since September. Brent’s
premium to U.S. crude CL-LCO1=R narrowed closer to $18 a barrel.
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BRENT CRUDE
Brent crude oil prices reached a 12-week high on Thursday on supportive
Chinese trade data, news of a sharp cut in Saudi oil production and a
pipeline explosion in Yemen that halted most of the country’s oil
exports.
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SPOT GOLD
Spot gold was little changed at $1,673.54 an ounce by 0030 GMT, on
course for a 1-percent weekly gain — its biggest such rise since late
November.
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GOLD
Gold traded nearly flat on Friday, taking a breather after a 1-percent
climb in the precious session when it tracked the rally in the euro
after the European Central Bank kept rates unchanged.
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