Comex miNY trading quiet on first day
Dec 04, 2006 | 09:46 AM
| Sean Barry
Trading of the New York Mercantile Exchange's new Comex miNY metals contracts was quiet on the first day of business, traders said Monday.
Thin volumes were reported across the copper, gold and silver miNYs as market participants sit on the sidelines and adopt a "wait-and-see" approach, according to traders.
Copper for delivery in March was trading at $3.1680 a pound on the copper miNY contract Monday afternoon, after hitting a high of $3.1740 a pound earlier in the day. The full-sized contract had posted a settlement price of $3.1760 a pound earlier in the afternoon.....
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