Commodity Prices — September 1st 2010
Commodity Prices for September 1st 2010.
Nymex Platinum, Palladium lifted by dollar, gold, strike thr
Platinum and palladium prices are higher, boosted by a weaker U.S. dollar that normally supports all commodities, a trader says. The platinum group metals are also drawing spillover support from gold, which is within striking distance of the reco
Copper gains in London and Shanghai on PMI data
Copper prices rose 1.3 percent in Shanghai early on Wednesday, and London metal reversed early losses, buoyed by optimism about China's manufacturing base after a positive purchasing manager report
Copper bounces, but still down
Copper trimmed earlier losses on Tuesday after US consumer confidence data showed a modest rise in August but failed to press higher on the back of persistent nervousness over the pace of global economic recovery.
Technical Analysis, August 30th — September 3rd, 2010
The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of August 28th 2010.
Chart Presentation: Copper/Gold
We are starting off today with a fairly simple chart comparison. At right is a chart of U.S. 10-year Treasury yields and the ratio between copper futures and gold futures.In general the ratio between copper and gold trends with yields...
Metals Market Commentary from Jim Wykoff
PRECIOUS METALSOctober gold was higher overnight as it extends the rally off July’s low. Stochastics and the RSI are overbought, diverging but are neutral to
bullish hinting that additional strength is possible near-term. If October extends
t
Copper prices up on jobless report
Copper prices rose nearly 3 percent after the government said jobless claims fell for the first time in a month. It was a bright spot after weak housi...
Base metals weaken on poor US data
Base metals opened with smart gains as dollar lent support and investors went bargain hunting after reassessing poor US economic data.
Copper Advances in London as Equities Rebound
Copper rose in London from the lowest closing price in a month as equity markets rebounded and the dollar weakened.
Copper Rises on Equities Rebound, Dollar’s Decline
Copper gained in London as equities rebounded and the dollar halted a five-day advance, buoying purchases of industrial metals as alternative investments. Aluminum, zinc, and nickel also rose.
Base metals steady, patchy data deters investors
Base metals prices in London and Shanghai were steady on Tuesday, reversing early losses as the dollar pared gains, but a dearth of compelling data to support bullish or bearish positions will trap prices in ranges.


