Tuesday, March 7, 2006
Gold, base metals lower
Story link: Gold, base metals lower
by Brian Turner
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, zinc dropped 3.4 percent to $2,247.5 per tonne, and lead declined by 3 percent to $1,167.5 per tonne.
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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, platinum, copper all down
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