Copper Slips By Over 0.50% As Strength In Dollar Weighs : 05-11-11

Copper prices moved back on the last trading session of the week and settled with over half a percent cut as worries over the commodity’s demand prospects loomed on concerns that the Euro-zone crisis is still far from over. The G20 Summit too was unable to finalize a bailout plan for struggling European Union economies. Investors also overlooked the encouraging US jobs data which showed that unemployment ticked lower while the US economy added more jobs and continued to book profits in the red metal since the strength in dollar weighed on sentiments.

Copper futures for December delivery declined 2.40 cents or 0.7% to settle at $3.5645 per lb after trading as high as $3.6535 and as low as $3.5445 on the Comex metals division of the New York Mercantile Exchange.

Gold Recoils Amid Lingering Euro-Zone Debt Woes : 05-11-11

Gold prices recoiled by around half a percent a session after jumping to the highest levels in around six weeks, as investors chose to take some profits off the table amid concerns that the Euro-zone crisis is still far from over as the G20 Summit was unable to finalize a bailout plan for struggling European Union economies. The yellow metal prices also were pressured by the appreciation in American greenback which made the bullion more expensive for foreign investors.

Gold futures for December delivery receded $9 or 0.5% to settle at $1,756.10 an ounce, after trading as high as $1,766.50 and as low as $1,749.80 on the Comex division of the New York Mercantile Exchange, whereas the spot gold prices slipped $10.40 to $1,754 an ounce.

Crude Oil Rises For Third Session In A Row; Firm Dollar Caps Gains : 05-11-11

Crude oil prices advanced for the third successive session on Friday as sentiments got support from the encouraging US jobs data which showed that unemployment ticked lower while the US economy added more jobs. However, the oil prices settled only with marginal gains as uncertainties over the future of Euro-zone loomed while the American greenback appreciated against a basket of currencies making the dollar denominated commodity costlier for holders of other currencies.

Benchmark crude for December delivery added $0.19, or 0.2% to settle at $94.27 a barrel on, after trading as high as $94.93 and as low as $90.87 on the New York Mercantile Exchange. In London, Brent crude for December delivery surged $1.14 to $111.97 a barrel, on the ICE Futures exchange.