Scoreboard: US data delight

By Craig James

Base metal prices were mixed on Thursday with zinc and copper up around 0. 1 per cent while other metals fell up to 1 per cent with tin leading the way.  Gold prices fell again on Thursday, hitting a two-month low, with the Comex gold futures quote down by $US19. 80 or 1. 5 per cent to $US1,275. 40 per ounce.  Iron ore fell by US40c on Thursday to $US91. 90 a tonne.

Brent crude rose by US35 cents to $US102. 63 a barrel but the US Nymex price fell on contract expiry, down by US51c a barrel or 0. 5 per cent to $US93. 96 a barrel.

The Dow Jones index rose by 61 points or 0. 4 per cent with the S&P 500 index up by 0. 3 per cent to record highs while the Nasdaq gained 5. 6 points or 0. 1 per cent to 14-year highs.

Read more here: Business Spectator


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