Tuesday, July 26, 2005
Investors liquidate gold
Story link: Investors liquidate gold
by Brian Turner
by Brian Turner
Gold for August delivery lost $2.40 to $423.50 per troy ounce on the COMEX index on the New York Mercantile Exchange for its lowest close in a week. It had traded between $423.20 and $424.00 earlier in the day. A drop in the euro prompted speculators to liquidate gold.
Three-month copper fell $6 to $3,456 per tonne on the London Metal Exchange, while total stocks in LME warehouses were at 26,850 tonnes, up slightly from record lows.
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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: « Chinese currency revaluation takes copper to record high
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