Copper lower but supported by China

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters

On Friday, copper was traded lower, but is likely to end the week with a 0.6% gain, as Chinese data showed that the economy is stabilizing. On the London Metal Exchange, three-month copper was traded at $8,180 per metric tonne by 04:52 a.m. London time, which was a 0.49% decline for trading session, following a flat trade during the preceding session.

Back to articles

Actual Topics

Fri, 19 Oct 2012 16:17:33 GMT

Treasuries higher on speculation that home sales fell

On Friday, treasuries were traded higher, ending a 4-day long streak of losses, as investors eyed an upcoming report, which is widely expected to show a decline in existing home sales. The yield on 10-year government bonds decreased by 3 basis points and reached the level of 1.18% by 6:56 a.m. in New York.

Fri, 19 Oct 2012 15:25:29 GMT

Gold lower on Chinese data

On Friday, gold was traded lower and likely to witness the second weekly decrease, as optimistic data from China damped speculation about further stimulus, undermining demand for the precious metal. On the NYMEX, December delivery futures for gold declined by 0.6% and reached $1,734.70 per troy ounce at 7:47 a.m. New York time. Earlier, it hit a session low of $1,733.85.

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.