Metals prices higher again

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 it is raising prices on film.

Among base metals, three-month copper hit a record high $6,490 per tonne during the day as inventories continued to decline and traders worried about the possibility of disruptions in supplies due to strikes.