Copper price up on weak US inflation

The copper price firmed on Wednesday as the dollar dipped on lower-than-expected US inflation figures, which softened expectations for stimulus to be tapered soon.

South Dakota Approves New Medical Cannabis Rules

South Dakota lawmakers on Monday approved most of the state Department of Health rules for the state’s voter-approved medical cannabis program but rejected some proposals including limiting the amount of high-potency cannabis patients can possess, requirements that medical practitioners could write recommendations for patients that want to grow more than the three plants allowed under the law, and a defined list of qualifying conditions, the Associated Press reports.

Gold price back above $1,800 on US inflation data miss

Gold pared earlier losses and rose above the $1,800 level once again after the latest US inflation data came in slightly lower than expected, which may ease fears that the Federal Reserve will be forced to taper its bond buying soon.

South Dakota Takes Step Toward Approving Medical Marijuana Rules

The legislative panel responsible for approving the rules that will govern South Dakota’s new medical marijuana law has approved a number of proposed regulations and sent other proposals back for review, in what was a crucial administrative step toward implementing the new statewide program.

Gold sees price gains following tame U.S. inflation data

Gold and silver prices are higher and trading near their daily highs in early U.S. trading Tuesday, following a U.S. inflation report that came in cooler than expected and in turn sparked a sell off in the U.S. dollar index.