Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Friday 03rd of September 2010
Friday, May 5, 2006

Metals up on week

Story link: Metals up on week
by Brian Turner
Metals up on week

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 high as $2,941 per tonne during the day. Zinc added $5 on Friday and over 8 percent during the week to $3,445 per tonne.

Copper , which has gained 70 percent since the beginning of the year, added another $15 on Friday to $7,647 per tonne as inventories slipped even further and Mexican and South American strikes interrupted supplies.

The gains this week came on low trade volumes due to holidays in Japan and China. Prices were also helped higher by comments from executives of miner BHP Billiton that suggested prices will stay high until global inventories become more plentiful.

Among precious metals, gold was up $2 on Friday and over 3 percent for the week to $678.40/$679.40 per troy ounce late in the day in Europe after going as high as $684.10 per troy ounce earlier in the session.

Silver held steady on Friday and added 20 cents during the week at $13.85/$13.95 per troy ounce. Silver prices were up and down during the week however, trading as high as $14 and as low as $12 at times.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Metals up on week

Most metals gain on week ...

Silver, copper prices rise over week ...

Gold, silver, copper all down on week ...

Base metals up on week despite Friday declines ...

Metals prices end week mixed ...

Latest Metals News:

Latest News  US pending home sales data helps copper prices

Latest News  Positive data chases gold prices lower

Latest News  Gold gains on search for safetey ahead of economic data

Latest News  Gold gains as US dollar weakens

Latest News  Gold prices fall on US jobs news

Latest News  US durable goods orders, new home sales drive metals price moves

Latest News  Gold gains, copper drops on US home sales data

Latest News  Copper prices fall on economic, demand concerns

Latest News  US unemployment numbers hurt copper prices

Latest News  Copper prices gain on more inventory declines


Previous: «
Next: »

Visited 813 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):