Metals News Results

  • Copper Slips, Halting Sharp Rebound

    Copper prices fell Friday, signaling a pause in the industrial metal's surge, on mounting concerns that the rally may have been overdone. Copper futures for October delivery slipped about 1% to $6,030 a metric ton on the London Metal Exchange. The drop comes as investors struggle to reconcile signs of a global economic recovery with the surge in coronavirus infections in the U.S., which could deal a setback to manufacturers.

  • Rally in Raw Materials Signals Economic Rebound

    Prices for raw materials including oil and copper are surging as the world economy reopens for business, a signal to many investors that global growth is returning more quickly than anticipated. The recent gains come after coronavirus lockdowns dented commodity prices earlier in the year and are a boon for battered producers like copper miner Freeport-McMoRan Inc. and energy giant Exxon Mobil Corp.-- many of which have cut supply in response to industry turmoil.

  • Investors Sell Safe Bets in Anticipation of Return to Economic Growth -- Update

    By Amrith Ramkumar and Julia-Ambra Verlaine. U.S. government bond yields surged and gold prices tumbled after Friday's better-than-expected jobs report, the latest sign that investors are wagering on brighter days ahead for the world economy. The heavy selling of gold and Treasurys-- which fall in price as yields rise-- marks a major reversal in financial markets.

  • Investors Sell Safe Bets in Anticipation of Return to Economic Growth

    U.S. government bond yields surged and gold prices tumbled after Friday's better-than-expected jobs report, the latest sign that investors are wagering on brighter days ahead for the world economy. The heavy selling of gold and Treasurys-- which fall in price as yields rise-- marks a major reversal in financial markets. For months, investors had favored these haven investments as the coronavirus devastated the world economy and unemployment soared.

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