London copper shed early gains on
Tuesday, as a firmer dollar made the greenback-priced metal
expensive for holders of other currencies, while higher
inventories in London Metal Exchange-registered ...
London copper prices edged higher on
Tuesday as a weaker dollar made the greenback-priced metal
attractive for holders of other currencies, while rise in
inventories in London Metal ...
Copper prices edged higher on Monday,
drawing support from tight supply, but gains were limited by a
firmer dollar as investors raised bets on several U.S. rate
hikes this year.
* Gold on track for best week since mid-November. * U.S. retail sales down 1.9% in December. By Kavya Guduru. Gold prices slipped on Friday, weighed down by an uptick in Treasury yields on prospects of U.S. interest rate hikes and a stronger dollar, although bullion was on course for its best week since mid-November. Spot gold was down 0.3% at $1,817.46 per ounce by 12:34 p.m. ET.
* Silver also on track for best week since November 2021. * Dollar set for largest weekly fall in 8 months. * U.S. retail sales data due at 1330 GMT. By Seher Dareen. Gold prices were holding near a more than one-week high on Friday, supported by a retreating U.S. dollar and lower Treasury yields as markets awaited economic data to gauge the pace of upcoming U.S. rate increases.
Copper prices dipped on Friday, pressured
by prospects of an interest rate hike by the U.S. Federal
Reserve as soon as March, however they were headed for their
best weekly gains since October driven ...
* Dollar index at two-month low. * PPI for final demand rise 0.2% in December. * Weekly jobless claims increase 23,000 to 230,000. By Kavya Guduru. Gold prices retreated on Thursday, as U.S. Treasury yields drifted higher with the Federal Reserve likely to stay on course to raise interest rates in March. Spot gold fell 0.5% to $1,815.42 per ounce by 10:52 ET.
* Wall Street gains as inflation data in line with expectations. * U.S. dollar touches 2-month low. By Kavya Guduru. Gold steaded on Wednesday, buoyed by a retreat in the dollar after U.S. inflation data, although bullion's gains were offset by improved appetite for riskier assets since the rise in consumer prices were mostly in line with expectations.
Nickel prices surged to their
highest in a decade on Wednesday and copper broke back through
$10,000 a tonne on renewed supply fears as inventories dwindle.
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