Gold declines slightly, other metals see new highs

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 hit new highs again, while aluminium, lead, nickel, and tin were all also higher on the day.

Copper has risen 8 percent since the beginning of March. The three-month price on the London Metal Exchange rose as high as $5,245 per tonne during the day before dropping slightly to $5,238, still $129 higher than Wednesday’s closing price.

Three-month zinc also hit a new high, rising to $2,582.5 per tonne before falling back to $2,560 per tonne, a gain of $34 over it’s previous close.