Commodity Prices | Forex Trading


Archive for April 9th, 2008

Gold May Rise to $1,200 an Ounce, Exceeding Record, GFMS Says

Bloomberg, 08:00 (New York) 09-Apr-2008
By Claudia Carpenter
April 9 (Bloomberg) — Gold may rise to $1,200 an ounce this year, exceeding the record, as investors seek a hedge against credit-market turmoil and mining companies fail to keep up with demand, London-based researcher GFMS Ltd. said.
Buying by jewelers, the biggest users, will keep the price from falling […]

Copper Demand Will Grow at 4% for a Decade, Rio Says

Bloomberg, 01:28 (New York) 09-Apr-2008
By Rebecca Keenan
April 9 (Bloomberg) — Rio Tinto Group, the world’s third- largest mining company, said global demand for copper will grow 4 percent a year for a decade or more led by sales to China.
“That 4 percent growth can be sustained for at least a decade or even a generation,” […]

China Copper Ore Imports to Rise 20%, Trafigura Says

Bloomberg, 04:14 (New York) 09-Apr-2008
By Jae Hur
April 9 (Bloomberg) — China, the world’s biggest copper consumer, may increase imports of ore used to make the metal by 20 percent to a record this year, said Trafigura Beheer BV, the country’s top supplier.
Purchases of so-called concentrate, or processed ore containing copper, may rise to 5.4 million […]