Copper prices marched higher on Tuesday as industrial users sought material from declining inventories while speculative buyers also piled in. Three-month copper on the London Metal Exchange had climbed 1.3% to $10,323 a tonne by 1015 GMT, while the most-traded November copper contract on the Shanghai Futures Exchange closed up with a 0.2% gain at 75,810 yuan a tonne.
* Gold remains an attractive bet for investors -analyst. * Silver hits over one-month high. * U.S. dollar tumbles to three-week lows. By Arundhati Sarkar. Gold prices were on the front foot on Tuesday, rising as much as 1%, as a sluggish dollar lifted bullion's appeal in the face of increasing inflation expectations.
Copper prices rose on Tuesday, buoyed by decades-low supplies and an extreme shortage of readily available metal in exchange warehouses. Three-month copper on the London Metal Exchange rose 1.3% to $10,325 a tonne by 0531 GMT, while the most-traded November copper contract on the Shanghai Futures Exchange was almost unchanged at 75,620 yuan a tonne.
Copper prices rose on Tuesday as a weaker dollar made greenback-priced metals cheaper to holders of other currencies, while fears of supply disruption from a mine in the world's No.2 producer Peru also supported the market.
Gold prices inched up on Tuesday, as a decline in the dollar and U.S. bond yields provided some support to the precious metal. FUNDAMENTALS. * Spot gold rose 0.2% to $1,767.91 per ounce by 0126 GMT. * Supporting gold by making it cheaper for buyers in other currencies, the dollar fell 0.1% and languished near the lows of its recent range.
Weak Chinese and U.S. economic data on Monday stalled a rally in copper prices even as a supply squeeze forced traders to pay unprecedented premiums for quickly deliverable metal.
Barrick Gold Corp (GOLD): * BARRICK SETS UP COMMUNITY DEVELOPMENT FUND FOR VELADERO. * Barrick Gold Corp (GOLD) - FUND WILL BE FINANCED BY 1.5% OF VELADERO GOLD MINE'S SALES.
* Expect more downside risk for gold - analyst. * Dollar resumes upward March on higher yields. By Arundhati Sarkar. Gold prices slipped on Monday, after investors took refuge in the dollar due to rising inflationary pressures and as an uptick in U.S. bond yields added to the downbeat mood.
* Cenbanks could prioritise inflation over growth risks- analyst. * China's economy grew slower than expected in Q3- official data. By Nakul Iyer. Gold dipped on Monday, extending its steep sell-off from the previous session, as U.S. bond yields and the dollar strengthened. Spot gold fell 0.2% to $1,764.22 per ounce by 0701 GMT, after Friday's 1.6% slide.
Gold prices edged up on Monday, recouping some losses after a steep sell-off in the previous session as U.S. bond yields and the dollar softened, restoring some of the precious metal's appeal. FUNDAMENTALS. * Spot gold rose 0.2% to $1,770.26 per ounce by 202 GMT, after slipping 1.6% on Friday.
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