Aluminium
Precious metals prices decline
by Brian Turner
Prices for base metals were mixed on Wednesday, with aluminium and copper prices dropping, but the price of nickel advancing. Prices for precious metals were down. Gold lost 1.9 percent to $639.70 per troy ounce as tensions over the Iran situation subsided somewhat and as investors waited for release of the minutes of the most [...]
Precious metals higher, base metals decline
by Brian Turner
Gold prices were aided by continuing weakness in the US dollar on Tuesday, adding 1.2 percent to $657.70 per troy ounce. Silver was up 3.2 percent to $13.16 per troy ounce, while platinum was slightly to $1,296 per troy ounce. Palladium was also up slightly to $355 per troy ounce. Copper dropped 2.8 percent to [...]
Nickel price at $23,000 per tonne – a new record
by Brian Turner
In the metals markets on Friday, base metals saw prices rise while gold fell during the week. Copper was up $150 late Friday to $8,252 per tonne, a 7 percent gain during the week. Still, copper remained 6 percent lower than its record high of $8,790 per tonne, set earlier in the month. In attempts [...]
Metals prices rise
by Brian Turner
Copper spent some time during the day Thursday back above the $8,000 level and were up $125 to $7,955 per tonne in late afternoon trade on the London Metal Exchange. Trade volumes were light. In other base metals, nickel added $100 to $22,100 per tonne, while aluminium gained $30 to $2,770 per tonne. Zinc was [...]
Metals prices lower; zinc inventories decline
by Brian Turner
In metals markets on Wednesday, copper was down by 7.5 percent to $8,217 per tonne after a record one-day price gain on Tuesday. The drop in price came even though Codelco warned that its production would drop by 6.5 percent during the year as it cut its long-term annual production target to 2.5 million tonnes [...]
Nickel hits new record as commodities prices rise
by Brian Turner
Metals prices were substantially higher on Tuesday, with nickel hitting a new record high price. Copper added 12.7 percent to $8,525 per tonne. The trade in copper on the New York Mercantile Exchange was halted twice during the day when the increase in the price of copper hit its daily limit. The price of nickel [...]
Metals prices mixed
by Brian Turner
Spot gold prices in London were affected on Monday after the precious metal dropped by its full 60 yen daily limit in Tokyo. By the close in London, gold had lost 1 percent to $650.50 per troy ounce. Silver was nearly flat at $12.30 per troy ounce after recovering from a drop to $11.90 earlier. [...]
Metals prices fall this week
by Brian Turner
Metals prices were down again on Friday. Some analysts blamed the lower prices on sell-offs by investors who were worried about where prices are headed after declines during the week. Gold dropped 4 percent on the day and nearly 10 percent on the week to trade at $658.10/$658.40 per troy ounce in the late afternoon. [...]
Gold, copper decline
by Brian Turner
In the precious metals markets on Thursday, gold was down $8 after a sell-off late in the day, trading at $685.80/$683.60 per troy ounce. In base metals, copper was also down on the day, losing $30 to $8,090 per tonne on the London Metal Exchange. The decline came after a report from the International Copper [...]
Metals prices rise after correction
by Brian Turner
Metals prices rose on Tuesday after Monday’s declines. Gold added $8 to $688.90/$689.70 per troy ounce after dropping 4 percent on Monday. Silver was trading 25 cents higher at $13.40/$13.50, after losing 6 percent on Monday. Platinum, which lost less than other precious metals on Monday, added $23 to $1,293 per troy ounce on Tuesday. [...]
Copper up again on reduced supplies
by Brian Turner
In the metals markets on Thursday, copper was up 6.2 percent to $8,575 per tonne, sliding back slightly after going as high as $8,790 per tonne earlier in the day, as inventories declined yet again in Europe and South Korea. In addition, Europe’s largest copper producer said that copper shortages were likely to continue. Zinc [...]
Metals prices soar again
by Brian Turner
Metals prices were up again on Wednesday, with copper and zinc both hitting new record highs and gold going above $700 per troy ounce. Silver was the only metal to see a decline on the day, dropping only fractionally to $14.34 per troy ounce. Gold went as high as $704.50 per troy ounce during the [...]
Base metals up, precious metals mixed
by Brian Turner
In the precious metals markets on Monday, gold was driven up and down, then up again in reaction to the drop in the price of oil as well as in response to current conditions in the currency markets. Gold was as high as $684.70 per troy ounce and as low as $670 per troy ounce [...]
Metals up on week
by Brian Turner
Metals prices continued to rise on Friday, while crude oil prices rose a bit after having dropped substantially over the previous two sessions. Among base metals, three-month aluminium on the London Metal Exchange added $55 for the day and was up more than 6 percent during the week to $2,930 per tonne after rising as [...]
Supply deficits prediction sends copper prices near record high
by Brian Turner
Copper prices were up on Thursday after mining company BHP Billiton, the world’s largest, said that there would likely be a shortage of copper concentrate through the end of 2008. The shortages, it said, would be due to a number of factors, including equipment shortages, labour disputes, and rising demand. New mines and production facilities [...]
Metals prices lower
by Brian Turner
Metals prices were slightly lower on the day, at least partly due to lower trading volumes due to holidays in China and Japan. Gold was down a bit to $666.80 per troy ounce despite trading as high as $676.30 earlier in the day. Platinum hit a record high of $1,184 per troy ounce but slid [...]
Metals up again
by Brian Turner
In the precious metals markets on Tuesday, gold added 1 percent to $664.40 per troy ounce and silver was up 1.5 percent to $14.11. Gold’s rise was attributed mostly to the same tensions that are sending crude oil prices higher, while healthy demand for the new iShares silver exchange traded fund have sent silver prices [...]
Gold, silver up on inflation, international worries
by Brian Turner
Precious metals saw new price hikes on Monday to start off the new month as investors worried about international conditions and inflation. Gold for immediate delivery added over 1 percent to $661.50 per troy ounce, yet another 25-year high, before easing back to $659.60/$660.60 per troy ounce in late morning New York trade, a gain [...]