Aluminium
Base metals down, most precious metals higher
by Brian Turner
Base metals and oil saw prices decline on Thursday, while precious metals were generally up on the day. The declines in base metals were principally due to the news that China had raised interest rates, triggering worries that commodities demand could decline in that Asian nation. The worries, and the declines, came even […]
Most metals up, nickel lower
by Brian Turner
In the metals markets on Wednesday, prices were mixed but most were up again.
Aluminium was up 1.5 percent to $2,835 per tonne on a report that stocks were down significantly in March. Meanwhile, three-month copper hit a new record of $7,380 per tonne despite a reported 500 tonne increase in inventories before slipping back […]
Metals prices up again
by Brian Turner
Metals prices were on the rise again on Tuesday, with copper, nickel, and zinc all hitting new record highs on the day.
Three-month copper on the London Metal Exchange was as high as $7,230 per tonne during the day on news of a new miners’ strike, this time in Chile. Also contributing to the rise […]
Metals hit new highs before declining
by Brian Turner
Prices for precious and base metals dropped on Monday, although they are still up substantially since the beginning of the year.
Silver his a high during the day of $13.19 per troy ounce during the day but by early in the day in New York it had dropped to $12.22 per troy ounce, a drop of […]
Most metal prices down, nickel bucks trend
by Brian Turner
Led by silver prices, most metals were down on Thursday in what analysts called a correction for the commodities market.
Silver prices dropped to as low as $12.61 per troy ounce before going back up to $12.75/$12.95, more than 13 percent lower than Wednesday’s close. The declines came after silver was up to $14.98, a […]
Metals prices higher again
by Brian Turner
Gold traded at $618.25 per troy ounce during the day before retreating to $615.20, still a gain over yesterday’s New York quotes. Silver was also up over Monday’s prices to $13.54 per troy ounce. The rising price of silver, as well as higher petrochemical prices, caused Eastman Kodak to announce on Monday that […]
Base metals up, precious metals lower
by Brian Turner
Precious metals saw their prices decline on Thursday, but base metals reached new highs and crude oil headed up again on continuing worries about Iran and Nigeria.
Gold declined ahead of the long weekend, closing at $594.00/$594.80 per troy ounce in London. Profit-taking was responsible for the downturn in prices, but the declines were limited […]
Precious metals up, base metals hit new records
by Brian Turner
Precious metals saw prices up yet again on Wednesday. Gold prices were up 0.6 percent on the day to $597.00 per troy ounce after once again trying to rise to the $600 level, with the Iran situation one reason for the increases. Silver gained 2.4 percent to $12.74 per troy ounce, while Platinum […]
Metals prices continue to rise
by Brian Turner
Uncertainties in Africa and the Middle East pushed the price of gold higher, to $596.00 per troy ounce, and traders said that it was sure to rise above $600 per troy ounce soon. Analysts at Standard Bank said that a rise to $625 per troy ounce was inevitable.
Silver was at $12.42 per troy ounce […]
Metals hit highs this week
by Brian Turner
Gold nearly reached $600 per troy ounce on Friday, settling at $588.90 per troy ounce after going as high as $598 during the day. Many analysts expect it to reach $600 next week.
The price of gold helped other precious metals during the week. Silver added 5.1 percent on the week to $12.08 per […]
Demand forecast sends copper, zinc prices to new record highs
by Brian Turner
Predictions of growth in demand from India’s mines ministry helped send copper and zinc prices to new record high prices on Wednesday. The ministry said that India’s copper consumption will maintain its present consumption growth of 7 to 8 percent for the next two years. The Asian nation’s zinc production was forecast to […]
Metals prices drop slightly
by Brian Turner
Some metals prices were slightly lower on Tuesday in what analysts called a consolidation.
Silver was a bit higher, trading at $11.77 per troy ounce, but analysts questioned the claims by some traders that its price could go as high as $15 per troy ounce soon.
Gold dropped to $586.40 per troy ounce after hitting a 25-year […]
Copper, gold prices rise again
by Brian Turner
In the metals markets on Monday, copper hit another all-time high and gold reached its highest price in 25 years before falling back slightly.
Three-month copper was up 3.7 percent to $5,590 per tonne after going as high as $5,605 during the day as traders worried about the availability of adequate supplies. Part of the […]