Cheaper precious metal outshines its yellow rival with prices rising 72% in six months
The copper price reached new highs above $460 in COMEX trading and the strong upward trend channel suggests higher prices are achievable. Copper is considered an industrial metal, and pricing is closely linked to fundamental economic growth.
The downward trend in gold has accelerated, making new lows near $1,320. A rally above $1,380 is required before a new upward trend can be confirmed.
Gold prices continue to move toward new lows after hitting a high near $1,420. Several features show the first significant change in the gold trend since the recent strong upward trend began in July 2010. This is a contradictory behavior because many fundamental factors support a continuation of the upward trend.
The release of the latest US economic data reveals a significant change in the balance of the economy. The third-quarter figures show a growth of 2.6 percent, and this cheered the Dow Jones to new highs. But a look behind the headline growth shows a more disturbing picture.
A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.
Name | Value | Change | Time |
Shanghai | -0.58% | Thur | 2,794.27 |
Shenzhen | -0.26% | Thur | 12,392.93 |
HSI | +0.06% | Thur | 22,530.18 |
NIKKEI | -0.11% | Thur | 10,071.14 |
Dow | +0.74% | Thur | 12,719.49 |
Nasdaq | +1.36% | Thur | 2,872.66 |