Wednesday, April 26, 2006
Most metals up, nickel lower
Story link: Most metals up, nickel lower
by Brian Turner
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 to $7,280 per tonne. Zinc also hit a new record at $3,430 per tonne before dropping back to $3,365 per tonne later in the day.
Nickel was down 1.8 percent on the day to $19,650 per tonne, but only after achieving a new record high of $20,125 per tonne earlier in the session.
Among precious metals, gold added 1.4 percent to $638.50 per troy ounce. Platinum set another new record at $1,135 per troy ounce.
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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 up again
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