Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Tuesday 07th of October 2008
Tuesday, May 31, 2005

Gold continues values loss

Story link: Gold continues values loss
by Brian Turner
Gold continues values loss

Prices for precious metals declined on Tuesday, while plastics either stayed the same or increased in price.

In newly offered plastics futures on the London Metal Exchange, linear low-density polyethylene futures rose $4 to trade at $939 per tonne, and September delivery polypropylene held steady at $934 per metric tonne.

The strong dollar and sliding euro sent gold prices down as bullion has lost 5 percent of its value in the past six weeks and hit its lowest level since February.

It fell to $413.75 per troy ounce before coming back a bit to trade at $415.45/$416.20 per troy ounce, a loss of about $2 on the day. Prices on sliver and platinum also fell Tuesday.

 

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