Thursday, March 16, 2006
Precious metals prices drop
Story link: Precious metals prices drop
by Brian Turner
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 Investors that would make it easier to buy and sell the metal. The US Securities and Exchange Commission has yet to rule on the Barclay’s proposal.
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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 declines slightly
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