Tuesday, June 28, 2005
Copper down despite stockpile lows
Story link: Copper down despite stockpile lows
by Brian Turner
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 confirmation from Hydro Aluminium that it will close its smelter in Germany.
Nickel rose $125 to close at $14,650 per ton.
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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 claws gains in London
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