Aluminium
Copper, zinc, platinum prices again set records
by Brian Turner
Commodities prices were up this week, with sugar and some metals hitting all-time highs and oil up 3 percent despite a small decline on Friday. The record gains were explained by predictions that global economic growth will be above expectations again this year, so that demand for raw materials will go up. The […]
Gold, silver, platinum hit new highs
by Brian Turner
Precious metals reached highs on Thursday, with gold and silver hitting long-time records and platinum finding a record high $1,090 per troy ounce.
Gold traded at $586.40 per troy ounce during the day, a $13 gain over Wednesday’s late quotes and its highest price since the beginning of 1981 before dropping slightly in later trade. […]
Copper hits fifth record high in a row
by Brian Turner
Precious metals prices were up again on Wednesday as gold added nearly $4 to trade at $568.50/$569.20 per troy ounce in late London trade after having fallen to $560 per troy ounce earlier. Silver peaked at $11.06 per ounce, surpassing most predictions from earlier and the year.
Among base metals, copper had its fifth record […]
Metals prices stay high
by Brian Turner
Precious metals hovered around long-term highs again on Tuesday. Silver returned to $10.92 per troy ounce, its high point on Monday, before retreating a bit to $10.89 by late afternoon in London. Gold hit $569.10 per troy ounce, a three-week high, before easing to $567.60/$568.50 late in the day. Platinum traded at […]
Another new high for silver
by Brian Turner
Silver was up again on Monday, equaling its April 27, 1987 level in London when it reached its peak during the day of $10.92 per troy ounce. This is considered to be the record price for the precious metal, even though some dealers say that it actually traded above $11 per troy ounce during […]
Gold declines slightly, other metals see new highs
by Brian Turner
Late in the afternoon on Thursday, gold was down $1 from Wednesday’s close to trade at $549.00/$549.90 per troy ounce, but it had risen from $545.30 earlier in the day. Silver, however, was up again, to $10.66 per troy ounce. Silver is up 60 percent since last August.
In base metals, copper and zinc […]
Zinc hits another new high
by Brian Turner
Silver reached yet another new price level on Wednesday on continued positive sentiment after the US Securities and Exchange Commission approved the first exchange traded fund backed by the metal. The new fund will trade on the American Stock Exchange. Silver prices peaked at $10.59 per troy ounce during the day, but later […]
Base metals hit new highs
by Brian Turner
Commodities prices were mixed on Tuesday, with metals up but crude oil mixed in afternoon trade.
In base metals, both copper and zinc reached new highs. Three-month copper hit $5,183 per tonne on the London Metal Exchange even though demand appears to be slowing down and stockpiles look to be on the way up. […]
Copper prices reach record high
by Brian Turner
Base metals prices stayed high on Monday on inventory and availability concerns, while precious metals prices were steady to slightly lower on the day. Crude oil prices, meanwhile, were down.
Three-month copper hit $5,165.5 per tonne on the London Metal Exchange and traders expected more highs to be reached soon, especially if there are major […]
Metals prices up on week
by Brian Turner
Metals prices were up on Friday, hitting record highs in some cases, while oil prices were up substantially during the week despite mid-week declines.
Zinc was at a record high on Friday on concerns about supply ahead of the peak demand season. Three-month zinc hit a high of $2,485 per tonne during the day on […]
Precious metals prices drop
by Brian Turner
Precious metals were down on Thursday. Gold dropped $1 to $5521.50/$553.20 per troy ounce. Meanwhile, silver was at $10.26/$10.29 per troy ounce, down from Wednesday’s price of $10.37. Silver had been higher earlier in the week as traders continued to speculate about a rumored launch of an investment product by Barclays Global […]
Gold declines slightly
by Brian Turner
Gold was $1 lower on Thursday at $550.65/$551.15 per troy ounce following gains earlier in the week.
Metals up slightly after recent declines
by Brian Turner
In the metals markets, three-month copper was up $81 dollars to $4,800 per tonne despite new numbers showing that inventories in London Metal Exchange warehouses had hit their highest level in nearly two years. Aluminium prices also rose, climbing $34.5 to $2,377.5 per tonne.
In precious metals, gold was up $3.6 to $546.20/$546.90 per troy […]
Metals prices down once more
by Brian Turner
Precious and base metals prices were down again on Wednesday. Gold was down $11.725 to $540.25/$541.00 per troy ounce.
Copper prices were down 1 percent to $4,719 per tonne, while zinc dropped 1.9 percent to $2,227 on an increase in warehoused supplies.
Gold, base metals lower
by Brian Turner
Metals prices were down as well on Tuesday. Gold lost $3.5 to $552.10/$553.00 per troy ounce.
Fears that rising interest rates could adversely affect demand growth, base metals prices fell significantly. Three-month copper lost $113 to $4,757.5 per ton on the London Metal Exchange. Aluminium was down 3.9 percent to $2,345.5 per tonne, […]
Gold, platinum, copper all down
by Brian Turner
In the metals markets on Monday, gold was down slightly to $564.10 per troy ounce. Platinum was down by 0.7 percent to $1,050, but palladium remained unchanged at $300 per troy ounce.
In base metals, three-month copper was down 2.1 percent to $4,855 per tonne.
Silver, base metals higher
by Brian Turner
Silver prices were up above $10 per troy ounce for the second day in a row on Friday, hitting a high of $10.31 per troy ounce before easing back to $10.16. That was a loss of 4 cents from Thursday’s late quote in New York, but still was the first time that silver had […]
Metals prices gain ground
by Brian Turner
In the precious metals market on Thursday, gold was up by $4 to $567.60/$568.50 per troy ounce in New York.
Silver, meanwhile, was trading up over 3 percent on the day at $10.14 per troy ounce. This was silver’s highest price since October 1983. It has gained nearly 60 percent since the beginning of […]
Gold up, base metals mixed
by Brian Turner
In the metals markets, gold was up $2 to $563.30/$564.20 per troy ounce after peaking at $566.50 per troy ounce earlier in the session, a three-week high.
Three-month copper was up $57 to $4,855 per tonne on the London Metal Exchange. Aluminium and zinc prices fell on the day, however. Three-month aluminium dropped $53 […]