Metals Rise for Second Day on Hopes for Growth
CNBC reported metals prices are rising for a second day on growing optimism about the U.S. economy.
Articles Tagged "metals"
Metals Prices Fall on European Debt Crisis Worries
CNBC reported metals prices slid Friday on renewed fears that the European debt crisis could slow global economic growth.
Metals Rise, But End Week Lower on Europe Fears
CNBC reported metals prices rose Friday, but still had sharp losses for the week because of fears about the European financial crisis.
Metal Futures Plunge on Europe Worries
CNBC reported metals prices are falling sharply as traders worry that a mounting European financial crisis will slow the fragile U.S economic recovery.
Commodities: Metals Fall on Economic Worries
CNBC reported metal prices closed lower for a second day Thursday on growing uncertainty about the global economy.
Parliamentary committee advises govt to probe metals speculation
Reuters reports the government should probe whether metals markets with high levels of speculation and volatility are an acceptable way to bring strategic commodities to end users.
Platinum gets mixed response as crude oil drops
Platinum was mixed on Thursday, July platinum rose $2.40 to $1,207.60 an ounce, while September palladium declined $3.35 to $239.70. The drop in the three month contract price was related to declining crude oil. Last week, prices of both platinum and palladium climbed to their highest levels since November 2008-
GM bankruptcy lends relief to platinum
Platinum prices, already on the positive track, got a boost this week from declining greenback and the announcement of GM’s Bankruptcy. GM’s bankruptcy is by no means a positive for platinum, as the auto industry accounts for approximately half of global platinum demand; however, platinum’s price has been reflecting the impending bankruptcy for many weeks.
Automaker uncertainty bad news for platinum
Platinum declined last week; and continued the trend this Monday as uncertainty over the future of US automaker GM put the metal’s near future demand outlook into question. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal.
