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Message: COMMODITIES - (Mondays Close) - Ni/Cu UP

COMMODITIES - (Mondays Close) - Ni/Cu UP

posted on Jun 02, 2009 04:03AM


Nickel and Copper have made some nice gains lately, whether its the decreasing stock piles or the demand for the metals,they both have hit new highs since October of last year. This maybe short lived as the Markets in Europe on Tuesday have pulled back.

Gold futures ended slightly lower yesterday, but bullion remained within striking distance of $1,000 (U.S.) an ounce as currency weakness could still bolster the status of gold as a hedge against a falling U.S. dollar. Gold for August delivery settled at $980, down 30 cents.



CLOSING PRICES (SPOT)


Gold US$/troy ounce 975.10 -3.80

Silver US$/troy ounce 15.61 -0.06

Copper US$/lb 2.30 0.11

Lead US$/lb 0.75 0.04

Zinc US$/lb 0.72 0.02

Aluminum US$/lb 0.65 0.01

Nickel US$/lb 6.61 0.32

Oil West Texas US$/bbl 68.22 1.91

Nat Gas Henry Hub US$ mmbtu 3.86 -0.06

Nat.Gas AECO C C$/gigajoule 3.21 0.25

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