Aluminium
Metals prices up
by Brian Turner
Prices on base and precious metals were up on Tuesday after Monday’s falling prices. Three-month copper, for example, was up 3 percent on the day, by $167 to $4,807 per tonne in late afternoon trade on the London Metal Exchange after a 4 percent drop on Monday. Three-month aluminium was up $50 to […]
Metals prices fall
by Brian Turner
In the metals markets, gold was down $5 to $553.00/$553.70 per troy ounce. The precious metal lost over half of its $9 gain on Friday.
Base metal prices were down as well. Three-month copper was near a one-month low, losing $175 to $4,675 per tonne on the London Metal Exchange. The drop followed […]
Precious metals up after overnight drop in Asia
by Brian Turner
In precious metals markets on Thursday, gold was trading at $552.70/$553.60 per troy ounce after prices in Asia dropped nearly 2 percent overnight, at least partly due to a recovery by the Japanese yen. Silver was trading at $9.57/$9.60 per troy ounce. Platinum, meanwhile, traded at $1,022/$1,026 per troy ounce.
Gold higher on crude oil gains
by Brian Turner
The price of gold in London on Monday was affected by higher oil prices, gaining $1.70 from New York’s closing on Friday to $553.40/$554.30.
The price of oil was pushed up by political unrest in Nigeria that led to attacks against oil production and distribution facilities, kidnappings, and threats to extend the violence to attacks on […]
Platinum up Friday, down on week
by Brian Turner
Metals prices were mixed during the week, with a boost to the price of platinum coming at the end of the week with news of a possible bid for Lonmin, which has a goal of producing 1 million ounces of the precious metal this year. That bid news and announced goal sent the price […]
Precious metals down slightly from Tuesday’s close
by Brian Turner
In precious metals markets on Wednesday, gold was trading in the area of $544.10/$544.85 per troy ounce in London, just under Tuesday’s close in New York. Silver was also just below New York’s closing quotes yesterday evening, trading at $9.26/$9.29 per troy ounce, while platinum was right around yesterday’s close, trading in the neighborhood […]
Precious metals prices down, base metals advance
by Brian Turner
Precious metals prices were down on Monday, with gold’s decline to a four-week low affecting other precious metals prices, while base metals prices managed an advance on the day.
Gold was down early, rose at mid-day, but ultimately dropped to $542.10/$543.00 per troy ounce in London late trading. The drop was blamed on investors decreasing […]
Gold prices up, wait on US trade data
by Brian Turner
At mid-morning on Friday in London, gold was up from Thursdays close in New York, trading at $558.30/$559.00 per troy ounce. Analysts said that if the price consolidated above $550 per troy ounce, it could mean another upward move in price could be in the offing. They also said that new US trade […]
Metals prices up after declines
by Brian Turner
Commodities prices rebounded on Thursday after significant declines earlier in the week.
On the London Metal Exchange, three-month copper gained $15 to $1,012 per tonne, while three-month aluminium prices climbed by $48 to $2,652 per tonne. The price of aluminium was close to Tuesday’s 171/2 month high of $2,675 per tonne.
Gold was up more than […]
Metals prices stage retreat
by Brian Turner
Metals prices also dropped on the day Tuesday. Gold was down $15 to $555.20/$555.90 per troy ounce. This is around $20 below the 25-year high reached last week.
In other precious metals trade, silver was down to $9.36/$9.38 per troy ounce late in the day in London, while platinum dropped $12 on the day […]
gold, platinum up slightly; silver holds steady
by Brian Turner
Precious metals were mostly up on Monday. Gold, considered a safe investment in times of upheaval, was trading at $569.50 per troy ounce, while platinum was up slightly to $1,076 per troy ounce. Silver was nearly unchanged at $9.72 per troy ounce.
Metals prices at new highs
by Brian Turner
Despite rising metal inventories, prices for base metal increased to new records in the week ending February 3. The price of copper raced through the $5,000 per tonne level to a record high of $5,055 per tonne, gaining 4 percent over the week.
Just three months ago, copper passed the $4,000 per tonne […]