Commodities News
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The European steel industry has “serious concerns” about the London Metal Exchange’s plan to change warehouse delivery rules which it says favor producers.
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West Texas Intermediate fell from its highest settlement in almost two weeks as the U.S. government’s partial shutdown fanned concern that economic growth may slow.
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Copper fell for the third time in four sessions after talks between President Barack Obama and congressional leaders failed to break a budget logjam that spurred a U.S. government shutdown in its third day.
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Gold futures may rebound to $1,425 an ounce in the fourth quarter after forming a “double bottom,” according to technical analysis by Logic Advisors.
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