Aluminium
Interest rate concerns hits gold price
by Brian Turner
Gold lost more than $1 to $435.90.$436.60 per troy ounce in anticipation of an expected rise in US interest rates.
Copper down despite stockpile lows
by Brian Turner
Gold was lower for the second day in a row to $435.90/$436.60 per troy ounce.
Copper on the London Metal Exchange fell $31 to $3,355 per tonne even though stockpiles in LME registered warehouses fell to yet another low.
Aluminium was down as well, $19.50 to $1,722 per tonne. This was despite [...]
Gold claws gains in London
by Brian Turner
Gold reached a 3-month peak of $442.10 per troy ounce at one point on Thursday and was trading at around $441.50 late in the day in London.
That was about $4 higher than its Wednesday afternoon price in New York.
Three-month copper was down $48 on the London Metals Exchange to $3,310. LME [...]
Gold down and copper at low
by Brian Turner
Commodities prices trended downward on Wednesday, as gold, copper, aluminium, and crude oil prices all fell.
Gold prices fell to $437.00/$437.70 per troy ounce late in the day in Europe, losing around $4 off of Monday’s 3-month high.
Copper prices also fell, losing $30 to $3,358 per tonne on the London Metals Exchange. [...]
Gold falls on easing inflation fears
by Brian Turner
Gold fell $1.85 to $426.90/$427.60 per troy ounce on profit-taking following the easing of fears of inflation in the US.
Copper lost $23 per tonne to $3,254, and zinc was down $16 to $1,262 per tonne.
Copper up on supply low
by Brian Turner
Gold rose $2.30 to $440.30/$441.00 per troy ounce.
Meanwhile, copper was up $14 to $3,408 per tonne on stockpiles that were at a 30-year low of 34,500 tonnes, less than one day of global consumption.
Gold rally continues
by Brian Turner
The price of gold had moved very little from its overnight close to trade at $422.30/$423.05 per troy ounce in New York by mid-afternoon on Thursday.
Even with little movement, analysts think that the current price rally has not run its course.
On the London Metal Exchange, meanwhile, copper rose $2.5 to $3,240.5 [...]
Metals rise after early declines
by Brian Turner
Metals prices rose on Wednesday on the London Metal Exchange after declines early in the day.
Lead was up $10 to trade at $972.5, as stockpiles of lead in LME registered warehouses reached their lowest level since March 1990 when they fell to 29,700 tonnes.
Copper gained $43 to $3,090 per tonne, and [...]