Three-month copper on the London Metal Exchange rose by 0.23
percent to $7,423 a tonne by 0118 GMT. It has dropped more than 4
percent over the past three weeks.
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London copper steadied on Monday after dropping for three
consecutive weeks, although a bleak U.S. jobs report for March that
stoked worries about the state of the world’s largest economy is
expected to keep a lid on prices.
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U.S. crude gained 7 cents a barrel at $92.77 as of 0105 GMT, after
dropping to a two-week low of $91.91 in the previous session. The prices
dropped by almost 5 percent last week, its biggest weekly loss since
September.
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Spot gold slipped 0.4 percent to $1,575.99 an ounce by 0034 GMT, also hurt by a firmer dollar versus a basket of currencies.
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Gold edged lower on Monday, but stayed near highs hit in the
previous session when it rose by the most since November on poor U.S.
jobs data that reinforced expectations the Federal Reserve will sustain
its bullion-boosting monetary stimulus programme.
Gold edged lower on Monday, but stayed near highs hit in the
previous session when it rose by the most since November on poor U.S.
jobs data that reinforced expectations the Federal Reserve will sustain
its bullion-boosting monetary stimulus programme.
Copper fell in New York, capping a third straight weekly
drop Gold rebounded from a 10-month low Silver futures for May delivery
gained 1.7 percent Crude 4.7% weekly loss was the biggest since sept 21.
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