Gold futures traded higher on Monday, October 18, as the yellow metal took cues from international spot prices.
Copper price soars to new high as stockpiles hit 47-year low
Copper price hit a record high on Friday as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom.
Energy crunch drives up global metals prices
Copper prices closed in on a 10-year high on Friday as industrial metals from zinc to aluminium rallied on growing concerns that the global energy crunch would hit production.
Copper prices setting up for record surge
Copper prices are headed for record highs as commodity traders rotate out of oil, according to technical analysis conducted by Bank of America.
Gold prices post first gain in 4 sessions to settle at highest in nearly a week
Gold futures marked the first gain in four sessions on Tuesday, with prices for the precious metal settling at their highest in almost a week after the International Monetary Fund said the global economy is losing momentum.
U.S. producer price growth rises to 8.6%, gold price near daily highs
Gold was largely unchanged and trading near daily highs after the U.S. Producer Price Index rose to 8.6% on an annual basis in September versus the expected 8.7%.
Zinc price touches a near 14-year high as Nyrstar slashes output
Zinc price touched a near 14-year high in Shanghai while in London it jumped the strongest in over three-and-a-half years after Nyrstar said it will cut production by up to 50% at its three European zinc smelters due to the soaring price of electricity.
Gold price sees $20 swings as inflation accelerates slightly in September
The U.S. inflation data accelerated slightly more than expected in September, with the U.S. Consumer Price Index rising 0.4% after August's advance of 0.3%, the U.S. Labor Department said.
The hottest party in the metals world is back, but much smaller
Near-record copper prices are usually a sure sign that the parties will be extravagant and the champagne will flow all night when the metals world descends on London.
Gold price steady-weak amid firmer USDX, U.S. stock indexes
Gold prices are steady to slightly lower in early U.S. trading Tuesday, giving up modest overnight gains as the U.S. dollar index has moved to its daily high and the U.S. stock indexes have done the same.
Demand for steel, aluminum firm as scrap starts to find support
Primary aluminum and flat-rolled steel prices were supported during the week ended Oct. 8, as input costs started to strengthen.
Iron ore price rises as China markets reopen after holiday
The iron ore price rose on Friday after a week-long holiday in China, with market participants upbeat about demand prospects for the raw material in the world’s top steel producer.
Copper price rises on supply disruption worries
Copper prices rose on Thursday as supply concerns resurfaced in Peru, the world’s second-biggest producer of the industrial metal after neighboring Chile.
Gold price pushing higher following another disappointing employment report, 194K jobs created in September
Gold prices are pushing higher as the U.S. labor market showed further weakness as fewer American's found jobs in September, potentially putting a crimp in the Federal Reserve's plan to shift its monetary policy before the end of the year.
Gold prices in Pakistan surge in line with global markets
The price of gold resumed its uptrend in the domestic market and rose by Rs800 to close at Rs115,000 per tola on Tuesday in line with the surge in the international bullion market.
