Copper futures for September delivery dropped 2.3 cents, or 0.5 percent, to $4.455 a pound at 10:43 a.m. on the Comex in New York. Earlier, the price reached $4.4885, the highest for a most-active contract since July 19.
Before today, the metal dropped 3.9 percent since reaching a record $4.6575 on Feb. 15 amid weak Chinese demand.
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Gold futures for December delivery rose $8.90, or 0.5 percent, to $1,628 at 10:33 a.m. on the Comex in New York. In July, the price has climbed 8.3 percent, heading for the biggest gain since November 2009.
Holdings of gold in exchange-traded products rose 0.3 percent to a record 2,128.229 metric tons yesterday, data compiled by Bloomberg show.
Silver futures for September delivery rose 57.7 cents, or 1.4 percent, to $41.275 an ounce on the Comex.
I’m short United States government bonds, long term bonds. I wouldn’t lend money to the United States in US dollars for 30 years at three or four or five, or you name the interest rate. - in WSJ
