Aluminium
Metals prices soar in first half of 2006
by Brian Turner
Metals prices were up on Friday as the US dollar weakened in the face of more possible interest rate hikes to come.
Gold added 3.6 percent on the day to $613.50 per troy ounce. It was up over 5 percent this week and is up 19 percent since the beginning of the year, even after [...]
Precious, base metals prices rise
by Brian Turner
Precious metals were up on Thursday. Gold gained 1.6 percent to $588.80 per troy ounce after going as high as $591.80 during the day. Silver was up 2.6 percent to $10.45 per troy ounce. Palladium advanced by 0.6 percent to $309 per troy ounce, while platinum added 0.8 percent to $1,193 per [...]
Silver, copper, nickel prices up
by Brian Turner
Metals prices were mixed Wednesday. In precious metals, gold dropped 0.1 percent to $580.80 per troy ounce, but silver added 0.6 percent to $10.24 per troy ounce. Platinum and palladium were both down, with platinum dropping 0.5 percent to $1,190 per troy ounce and palladium falling 2.2 percent to $307 per troy ounce.
Among [...]
Gold up, copper declines after early gains
by Brian Turner
A report of two earthquakes of moderate intensity in Chile on Tuesday, as well as a decline of 2,000 tonnes in London Metal Exchange stockpiles, initially sent copper prices up during the day. However, after peaking at $7,105 per tonne, prices ended up 1.7 percent lower at $6,880 per tonne. A report from [...]
Copper prices add 2.3 percent
by Brian Turner
Most precious metals prices were mixed on Monday, while base metals saw prices increase during the day.
Gold dropped 0.7 percent to $579.15 per troy ounce as prices remained caught up in concerns over economic growth and rising inflation. Silver prices also declined, dropping 1.8 percent to $10.11 per troy ounce. On the other [...]
Copper price up Friday, down on week
by Brian Turner
In the metals markets, gold dropped $4 Friday to $577.70/$578.00 by late afternoon in London. Gold has fallen 20 percent from its 25-year-high, reached on May 12. This was the first week in six weeks that gold has not advanced over the week.
Copper added $91 to trade at $6,709 per tonne by late [...]
Copper higher on supply, strike concerns
by Brian Turner
Metals prices were up a bit on Tuesday. Gold added $1 from yesterday’s late quote in New York to trade at $569.70/$570.70 per troy ounce at the end of the session in London after having gone as low as $560 per troy ounce earlier in the session. Silver, meanwhile, added 20 cents to [...]
Stronger dollar sends gold lower
by Brian Turner
In the metals markets on Monday, gold prices were lower as the US dollar strengthened. At late afternoon in London, gold had lost over $8 to trade at $570.20/$570.90 per troy ounce. Silver was also down, by 20 cents to $9.88/$8.98 per troy ounce.
Three-month copper on the London Metal Exchange dropped $245 to [...]
Gold, silver, copper all down on week
by Brian Turner
Despite gains later in the week, prices on metals were not able to recover from sell-offs early in the week as investors worried about inflation and interest rates.
The price of gold gained $7 on Friday to trade at $573.50/$574.20 per troy ounce. Even though it managed to gain 5 percent from early-week lows, it [...]
Metals prices begin to recover
by Brian Turner
In the metals markets on Wednesday, prices trended higher in both precious and base metals. Gold added around $2 to trade at $564.60/$565.30 per troy ounce by late afternoon in London. Silver was up by 20 cents to $9.76/$9.86 per troy ounce, and platinum gained $26 to $1,142 per troy ounce on reports [...]
Copper down 10.1 percent this week
by Brian Turner
Metals prices were down during the week as investors worried about what effect rising interest rates would have on demand for various commodities. Interest rates were raised in such diverse regions as the Eurozone, India, South Africa, Thailand, and Korea.
Among precious metals, gold dropped 3.6 percent over the week to $615.15 per troy ounce. [...]
Metals prices drop once again
by Brian Turner
In the metals markets on Thursday, gold lost 3 percent after the European Central bank raised interest rates by 25 basis points, strengthening the dollar in relation to the euro. Gold was trading at $611.30 per troy ounce, $19 dollars from Wednesday’s late quote in New York. Silver was down as well, off [...]
Base metals higher, gold declines
by Brian Turner
Metals prices were mixed on Wednesday. Precious metals were down, with gold losing about $6 by late in the day in London to trade at $624.50/$625.50 per troy ounce after having dropped as low as $616.40 per troy ounce earlier in the day.
Base metals, however, saw gains on the day. Copper was [...]
Gold, copper see price declines
by Brian Turner
Metals prices were down on Tuesday. A strengthening US dollar took gold prices down over 2 percent to $627.95/$628.95 per troy ounce. Gold has lost over $100 from the 25-year high it achieved last month.
In base metals, meanwhile, copper also lost over 2 percent to $7,550 per tonne. It has lost in [...]
Metals prices drop over week
by Brian Turner
In the metals markets this week, prices were down across the board. Among base metals, copper lost 4.6 percent on the week to $7,850 per tonne, while nickel lost 6.5 percent to $21,500 per tonne, aluminium was down 5.4 percent to $2,645 per tonne, and zinc declined by 4.9 percent. In precious metals, [...]
Copper prices drop as LME extends trading hours
by Brian Turner
In the metals markets on Thursday, gold dropped 2 percent to $630.60 per troy ounce after going as low as $620.90 during the day. Silver was down 3.3 percent to $12.08 per troy ounce, while platinum declined by 1.7 percent to $1,227 per troy ounce.
Among base metals, three-month copper dropped 3.7 percent to $7,607 [...]