Friday, May 13, 2005
Gold and copper hit short-term lows
Story link: Gold and copper hit short-term lows
by Brian Turner
by Brian Turner
Gold was down to a three-month low, this week, hitting $420.05 per troy ounce on Thursday, down $6 for the week before a slight recovery on Friday.
Even with that small rise in price on Friday, gold still lingered near that low as it traded around $420.20/$421.00
per troy ounce at mid-afternoon in New York.
Copper was also lower, falling over 5 percent for the week to $3,001.
This was its lowest price since February 10 and over 10 percent lower than its all-time high of $3,336, reached in April.
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Latest Metals News:
Gold ends session lower in New York, but gains on week Gold prices retreat after setting new intraday high Gold closes at $1,666 per ounce in New York trade Gold prices at new records on disappointing US data Gold prices lower but comes off session lows on manufacturing data Gold sets new intraday, closing highs to end trading week in New York Copper rises; precious metals prices see declines Gold prices drop on profit-taking, stronger US dollar $1,616.80 per troy ounce: Another record high for gold Gold trades as high as $1,624.30 per ounce in New YorkPrevious: « Gold price lowers on interest rate rise fears
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