Wednesday, April 12, 2006
Precious metals up, base metals hit new records
Story link: Precious metals up, base metals hit new records
by Brian Turner
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 added 0.6 percent to $1,091.
New record high prices were set in base metals. Copper added 2.3 percent on the day to trade at $6,105 per tonne as supply concerns continued. Supply worries were also an issue in rising zinc prices. Three-month zinc gained 2.1 percent to $3,005 per tonne, a new record.
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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: « Metals prices continue to rise
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