In the arena of metals trading, the popularity of copper typically takes a backseat to gold and silver. Traders and investors often turn to gold in times of uncertainty, while the public habitually stockpiles physical silver as a more affordable store of wealth. However, during periods of economic expansion, few metals outperform copper.
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In this monthly news roundup, we’ll look at how crude finally halted its freefall in February, gold’s biggest monthly loss since September and how reports of a Chinese economic stimulus impacted copper prices.
In this January futures news roundup, we’ll look at how crude oil prices have stayed in freefall, why gold is attracting some investors and why copper is about to post its worst January in 27 years.
Gold and silver prices saw a slight recovery on Thursday, possibly due to the ECB’s announcement of extensive stimulus measures and plummeting crude prices.
This monthly roundup will look at how crude oil looks to end the year, gold’s up and down month and how copper is seems ready to post its worst year since 2011.
Several dollar-denominated commodities saw their prices drop to end the week.
After hitting a four-year low, gold prices made back some ground on Thursday, but some analyst predictions fear that the floor for next year’s total prices may plummet further than initially expected.
Gold futures fell again on Wednesday, and the precious metal not only reached its lowest price point in four years but may fall further to the landmark $1,000 price point.
After experiencing four straight days of selloffs, gold futures recovered from an early dip in the market on Tuesday.