Tue, Jul 29, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals, Price Watch more

Copper, gold slide in broad commodities sell-off

Posted on 03 October 2008

From Theaustralian.news.com.au: Copper slipped nearly 6 per cent on economic woes while a sell-off in gold was sparked by US dollar gains and a need to raise cash. Copper futures extended their year-and-a-half lows as worsening sentiment on the global economy painted an increasingly dismal picture of demand for the red metal.

Comex December copper contract fell US16.2c, or 5.8 per cent, to settle at $US2.6275 a pound. “The whole economic malaise is indicative of declining demand for commodities,” said Bill O’Neill, a principal with Logic Advisors. “Copper also is an economic commodity, a reflection of the economy.” …. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36171 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031