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Copper prices hovered near a 19-month high as the market awaited news of a potential strike at the world's largest mine. The copper market is awaiting news about negotiations between management and workers at the Escondida mine in Chile, the world's largest copper mine. Yesterday, workers at the mine rejected the latest offer from management.
Today oil futures have their highest finish in almost three weeks, as traders showed growing confidence that major oil producers have been cutting back output as promised.
Gold futures settled Thursday at their lowest levels in more than two weeks as strength in the dollar and a recent climb in major U.S. equities indexes to all-time highs curbed investors appetites for the yellow metal.