Posts Tagged ‘base metals’
LiveWire Economics Blog - August 31, 2025 10:53
Copper Finds Its Footing as Market Sentiment Improves
Copper snapped back a bit this week, which caught some attention. Copper prices climbed over 1% and settled around $4.61 per pound by late Thursday. That’s a decent recovery from where things stood earlier in August, when copper drifted under $4.55. It’s still well below this year’s peak, but not scraping the bottom either. There […]
Copper Prices Drift in the Wake of a Surprise Tariff Shock
Copper had a volatile week. Futures climbed early in the week, peeking around $5.84 per pound before easing back to settle around $5.79 on Friday. That’s still near the upper end of its 52‑week range and sellers seemed hesitant given the backdrop of trade headlines and inventory shifts. The big story was a surprise announcement […]
Copper Prices Hit New Heights Amid Global Trade Tensions
On Thursday copper prices climbed to unprecedented levels, climbing past $10,000 per tonne. The main reason for this sharp increase is linked to trade disruptions caused by the aggressive tariff policies of US President Donald Trump. In the previous month it was President Trump who gave the order to the Commerce Department to take a […]
Brent Prices Continue to Soften
Brent crude prices have been falling steadily for the past three weeks having come down from $119 per barrel to $109 per barrel. It has been a relentless drubbing that coincided with the peak of the Euro and further exacerbated by the results of the Italian election along with poor commodity demand numbers hitting the […]
Precious Metals Surge to Highest Level in One Month
Gold and silver futures moved in a bullish rally on Tuesday and reached their highest in one month. Gold futures contract for December delivery jumped 2.9 percent or $48.10 to settle at $1,700.40 per ounce at the Comex trading session of the New York Mercantile Exchange. This was the highest settlement since September 22nd, 2011. […]
Gold Gained On Friday as Euro Settles Down
Gold futures gained on Friday on the news of support package for Greece’s debt problems. Among other news US consumer sentiment fell to 71.8 for the month of June as compared to 74.3 in May. Analysts expected consumer sentiment index to fell to 73.5 for the month of June. Gold futures contract for August delivery […]
Gold Futures Gained despite Escalating Concerns over Greece’s Debt Situation
Gold futures gained on Thursday despite rising concerns over Greece’s debt situation. Gold futures contract for August delivery gained 0.2 percent or $3.70 to close at $1,529.90 per ounce at Comex trading session of New York Mercantile Exchange. The contract touched the day’s high of $1,534 per ounce. Most of analysts believe the market seems […]
Gold and Silver Contracts Gain on Declining Dollar
Base metals including gold and silver futures contracts moved in a bullish rally on Friday as the US dollar declined over escalating political unrest in Middle East and North Africa. Investors were also uncertain about the sovereign debt in the euro zone region. Vice president George Gero from RBC Wealth Management commented on the raising […]
Gold Futures witness Correction after Reaching the Record High
Gold futures rebounded on Friday’s trading session on positive development in US economy and expectations of interest rate hike by US Federal Reserve. According to the latest data job in United States substantially increased in month of March as compared to last six months. The US Labor Department reported that private jobs in America increased […]
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