Wednesday, June 22, 2005
Gold down and copper at low
Story link: Gold down and copper at low
by Brian Turner
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. Copper inventories have fallen to a 31-year low of 33,050 tonnes.
Aluminium prices were also down even though there is the possibility of plant closures in Europe because of high energy prices.
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