Gold, Copper Rebound as Silver Set for Worst Week Since 1975
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Copper recovered from its lowest level since December and gold gained. Oil dropped, falling for a fifth day, and silver futures headed for their worst week since 1975.
Crude for June delivery declined 0.7 percent to $99.09 a barrel at 2:49 p.m. after sliding 8.6 percent yesterday. Copper for three-month delivery added 0.2 percent to $8,835 a metric ton and gold for immediate delivery increased 0.9 percent to $1,486.99 an ounce. Silver futures sank 28 percent this week in New York after the Comex announced an 84 percent jump in margins.