Monday, May 16, 2005
Gold up but copper slows
Story link: Gold up but copper slows
by Brian Turner
by Brian Turner
Gold hit a three-month low of $418.25 before rebounding to $419.00/9.70 after a Friday close of $420.00/420.80.
Copper prices fell as well, as production is increasing while demand is slowing. Three-month copper was down $11, to $2993 a tonne.
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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 and copper hit short-term lows
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