London copper prices edged up on
Wednesday after touching a three-week low earlier in Asian
trading, but a deepening trade row between China and the United
States capped any recovery in risk appetite.
Prices of copper and other industrial metals used in construction slid Tuesday as trade tensions between the U.S. and China continued to escalate. Front-month copper for June delivery dropped 1.8% to $3.0465 a pound on the Comex division of the New York Mercantile Exchange-- its lowest close since May 15. Prices posted their sixth decline in the past seven sessions and have tumbled since hitting their highest level of the year earlier this month, with some investors worried that...
Gold fell Tuesday as trade tensions between the U.S. and China intensified, prompting investors to seek refuge in the U.S. dollar, driving a benchmark index for the greenback to its highest levels of the year. August gold lost $1.50, or 0.1%, to finish at $1,278.60 an ounce. Prices finished just above Friday's $1,278.50 settlement, which was the lowest since December.
By Myra P. Saefong, MarketWatch, Rachel Koning Beals. Silver prices fall 0.7%; copper slides 1.9%. Gold futures fell Tuesday to settle near their lowest levels of the year, as concerns over a potential trade war prompted more investors to seek refuge in the U.S. dollar, lifting a benchmark index for the greenback to its highest levels of 2018..
Soybean prices fell more than 5% to the lowest point in two years Tuesday, as escalating trade tension between the U.S. and China dimmed hopes that U.S. farmers might win a reprieve from duties on the crop set to take effect next month. Prices for grain and livestock also declined as traders bet Chinese tariffs would jeopardize demand for U.S. exports. Commodities from crude oil to copper to lumber also fell.
Prices of copper and other industrial metals used in construction slid on Tuesday as trade tensions between the U.S. and China continued to escalate. Copper for July delivery dropped 1.6% to $3.0580 a pound on the Comex division of the New York Mercantile Exchange. Prices were on track for their sixth decline in the past seven sessions, and have tumbled since hitting their highest level of the year earlier this month, with some investors worried that protectionist trade policies...
Copper futures fell more than 1% Tuesday as an escalating trade row between the U.S. and China rippled through most markets, among them the industrial metals impacted by trade pacts directly and those hit by the risks for an economic slowdown in these two global economic powerhouses. "China demand-driven commodity futures including iron ore, copper, zinc and aluminium have seen a sharp decline, as the U.S. considers imposing tariffs on an additional $200 billion of Chinese...
Investors in two of the hottest commodities in recent years face a vexing problem: Reliable prices for lithium and cobalt are every bit as rare as large deposits of the valuable ores. Interest in the materials has soared on expectations that demand will rise as they are used in a rapidly expanding number of electric-car batteries. The market for the two metals has already jumped to as much as $10 billion from about $4 billion two years ago, according to estimates.
A Japanese aluminium buyer has agreed to pay a global producer a premium of $132 per tonne over the benchmark price for shipments in July to September, the highest in more than three years, two sources involved in the pricing talks said on Tuesday. That is 2 percent higher than the $129 per tonne premium in the current quarter and marks the third consecutive quarterly increase.
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