News list for " commodity prices"
Copper and silver futures in New York surged above international benchmarks as traders ramped up bets that Mr. Trump would impose steep import tariffs on the two metals. New York Mercantile Exchange (COMEX) front-month silver futures traded at a premium of more than $0.80 an ounce to spot silver prices in London on Thursday, near their December peak. COMEX front-month copper also traded at...
U.S. natural gas futures rose more than 8% in the day.
Gold futures prices fell and are set to close lower this week. Ole Hansen, head of commodity strategy at Saxo Bank, said there was a strong rally in precious metals such as gold in the run-up to the US election. However, gold prices fell sharply after a simultaneous surge in the dollar and yields forced prices down. Even so, Hansen believes there is no reason to change their bullish stance on precious metals. In the worst case scenario, the pullback over the past week has been a reversal of week...
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