Daily Newsletter-Commodity
Gold hits record high after Trichet comments.
Silver consolidate near 31-year peaks.
ECB raised rates by 25 basis points to 1.25 percent.
Copper reached its highest price levels in about two weeks.
Lead hits new multi week high.
Gold held near $1,460 an ounce in Europe on Thursday, just below the previous
session's record high, ahead of a hotly anticipated European Central Bank news
conference on interest rates. Copper reached its highest in about two weeks on
Thursday, supported by bullish comments from a copper industry conference in
Santiago, while tin closed in on record highs. U.S. May crude futures rose 56 cents to $109.39 a barrel, after having hit $109.56, highest in 30 months, helped by U.S. government data showing weekly claims for unemployment benefits fell slightly, adding to signs of a firming labor market conditions.
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