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Copper Market Update

Thursday 1 January 2015


High-grade copper for March delivery HGH5, -0.98%  declined 3 cents, or 1%, to just under $2.83 a pound. Copper futures recently fell to their lowest level since June 2010, and are down 17% for the year.


Platinum Market Update

Platinum for April delivery PLJ5, -0.85%  declined $9.80, or 0.8%, to settle at $1,209.50 an ounce. The metal is off 12% for the year.

Palladium for March delivery PAH5, -0.82% fell $5.80, or 0.7%, to settle at $798.40 an ounce, a n 11% increase over the year.


Silver Market Update


Silver for March delivery SIH5, -3.63% lost 68 cents, or 4.2%, to settle at $15.60 an ounce. Silver has declined 19% from its year-ago settlement of $19.37 an ounce.


Gold falls on year’s final trading day to end 2014 down 1.5%

Gold prices declined slightly over 2014 as losses in the year’s final day of trading prevented the metal from merely breaking even on an annual basis.

Gold for February delivery GCG5, -1.43%  fell $16.30, or 1.4%, to settle at $1,184.10 an ounce on the New York Mercantile Exchange, according to FactSet data. At one point during the trading day, it looked as if gold may eke out a slight gain as it hit a session high of $1,203.90 an ounce.

Oil finishes a rough 2014 down 46%

Crude-oil prices finished 2014 down 46% lower as a selloff in oil markets continued Wednesday even as U.S. data showed a greater-than-expected decline in inventory.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, -0.76%  fell 85 cents, or 1.6%, to settle at $53.27 a barrel. This time last year, the most-active crude contract settled at $98.42 a barrel, according to FactSet data.

 

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