Copper soars on speculation of Asian recovery

Article Abstract:

The price of copper in the commodity exchanges jumped by 4.4% on Mar 23, 1999, its biggest increase since Jul 1997. The price of copper on the London Metal Exchange rose to 64.5 cents a pound after trading for the past few weeks near its 12-year low of 61.3 cents a pound. The increase has been attributed to the speculation of recovery among the Southeast Asian economies. Copper is considered as a leading indicator of rising economic economic activity because of its importance in different industries.

Copper, Primary Smelting and Refining of Copper, Copper products

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Gold Fields director expects static gold prices

Article Abstract:

Gold bullion is projected to trade in a narrow range of $265 to $305 an oz for the rest of 1999, according to report by Gold Fields Mineral Services Ltd. The report also stated that the cash costs of producing gold have been drastically reduced by mining companies. Around 2% of gold prodycers lost money on cash basis in 1998, from 17% in 1997. In addition, the average world cost of producing gold declined to $206 an oz in 1998, from $250 an oz in 1997.

Gold Ore Mining, Gold Bullion

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Gold soars in classic investment 'squeeze'

Article Abstract:

The price of gold increases $13.80 in one day after an investment 'squeeze' occurs in the market.

United States, Primary nonferrous metals, not elsewhere classified, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Gold, Statistical Data Included, Prices and rates, Gold industry, Precious metal products

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