Commodity Prices | Forex Trading


Archive for April, 2008

Copper Due For Super-Spike As Bulk Commodities Boom

Dow Jones Newswires, 19:36 ET (23:36 GMT) 09-Apr-2008
By Elisabeth Behrmann Of DOW JONES NEWSWIRES
SYDNEY (Dow Jones)–Soaring prices for bulk commodities could mean that the copper market is due another leg-up, with some forecasting a “super-spike” in the metal to a record $11,000 a metric ton.
Market bulls argue that the recent hikes in contract prices for […]

Commodity Prices - April 10, 2008

Gold N.Y. Spot $ 0927.30
Silver N.Y. Spot $ 17.89
Lead LME Cash $ 1.3290
Copper LME Cash $ 4.0298
Zinc LME Cash $ 1.0569
Nickel LME Spot $ 13.35
Aluminum LME Spot $ 1.3794
Platinum N.Y. Spot […]

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 […]

Commodity Prices - April 7, 2008

Gold N.Y. Spot $ 0928.90
Silver N.Y. Spot $ 18.21
Lead LME Cash $ 1.3381
Copper LME Cash $ 3.9599
Zinc LME Cash $ 1.0714
Nickel LME Spot $ 12.83
Aluminum LME Spot $ 1.3186
Platinum N.Y. Spot […]

Commodity Prices - April 4, 2008

Gold N.Y. Spot $ 0906.10
Silver N.Y. Spot $ 17.60
Lead LME Cash $ 1.3172
Copper LME Cash $ 3.9209
Zinc LME Cash $ 1.0347
Nickel LME Spot $ 13.03
Aluminum LME Spot $ 1.2909
Platinum N.Y. Spot […]

High commodity prices tipped to stay

Sydney Morning Herald words 03-Apr-2008
by Jacob Saulwick
THE spike in commodities prices driving the Australian economy is likely to be higher for longer, increasing the difficulty of reining in inflation, a senior Treasury official predicts.
The head of Treasury’s macroeconomic group, David Gruen, said in Sydney yesterday that the budget would seek to play a role […]

Barrick Gold Chairman Peter Munk Says Metal Prices May Double

Bloomberg, 10:23 (New York) 01-Apr-2008
By Mark Herlihy
April 1 (Bloomberg) — Peter Munk, chairman of Barrick Gold Corp., comments on the outlook for gold. He spoke today at a presentation in London marking the 25th anniversary of the founding of the Toronto-based company, the world’s largest gold producer.
On the gold price:
“I can see more and more […]

Commodity Prices - April 1, 2008

Gold N.Y. Spot $ 0878.20
Silver N.Y. Spot $ 16.53
Lead LME Cash $ 1.2456
Copper LME Cash $ 3.7762
Zinc LME Cash $ 1.0267
Nickel LME Spot $ 13.09
Aluminum LME Spot $ 1.3041
Platinum N.Y. Spot […]