Aluminium
Copper up as strike looms
by Brian Turner
Gold was lower on Monday, dropping $1 to $634.20/$635.45 per troy ounce. Platinum, however, was up by $9 to $1,229/$1,233 per troy ounce after the chief executive of Anglo Platinum said that while prices probably won’t rise as much in the next year as they have in the past year, they are fairly sure [...]
Metals prices gain this week
by Brian Turner
Precious metals prices were up during the week, with gold up 2.6 percent to $636.05 per troy ounce, silver 5.6 percent higher to $11.33 per troy ounce, platinum adding 0.8 percent to $1,216 per troy ounce, and palladium gaining 4 percent to $313 per troy ounce.
Base metals also saw price increases this week. Aluminium [...]
Precious metals prices up
by Brian Turner
In the metals markets on Thursday, gold was up 2 percent to $634.25 per troy ounce on a weaker US dollar. Silver gained 3.4 percent to $11.37 per troy ounce, while platinum was 0.6 percent higher to $1,227 per troy ounce and palladium was $1 higher to $313 per troy ounce. Base metals [...]
Nickel, aluminium down despite inventory declines
by Brian Turner
Base metals prices were mixed on the day, with copper and zinc higher but nickel and aluminium both seeing declines. Copper added 0.1 percent to $7,440 per tonne on strike worries and output disruptions in Chile. Zinc was up 1.2 percent to $3,197 per tonne.
Meanwhile, nickel was 1.4 percent lower to [...]
Base metals inventories continue to decline
by Brian Turner
Gold fell 3.1 percent to $610.20 per troy ounce on Tuesday after US consumer confidence figures were higher than had been anticipated. Silver was slightly lower as well, to $10.80 per troy ounce, while platinum gained 1.8 percent to $1,217 per troy ounce.
Copper and nickel were both up. Copper added 4.6 percent to [...]
Base metals rise on low stockpiles
by Brian Turner
In the metals markets on Monday copper gained 1.9 percent to $7,170 per tonne on fears of a strike in Chile, at the largest copper mine in the world. Nickel was up 2.2 percent to $24,150 per tonne as London Metal Exchange inventories dropped to only 5,448 tonnes. Zinc stockpiles in LME warehouses [...]
Metals prices see declines this week
by Brian Turner
In the metals markets on Friday, gold was $4 lower on the day and over five percent lower for the week, trading at $628.50/$628.90 per troy ounce. Three-month nickel was down to $23,675 per tonne on Friday, 12 percent lower than its record high of $26,900 per tonne, reached on Monday. Three-month copper [...]
Precious metals up, base metals retreat
by Brian Turner
Gold prices were 0.1 percent higher to $642.60 per troy ounce as the US dollar weakened again. Silver added 0.3 percent to $11.20 per troy ounce. Platinum and palladium were each slightly higher as well.
Among base metals, copper was 6 percent lower to $7,330 per tonne as negotiations to avoid a strike at [...]
Precious metals prices higher
by Brian Turner
Prices for precious metals were up Wednesday. Gold added 1.4 percent to $639.40 per troy ounce, while silver gained 4 percent to $10.48 per troy ounce and platinum was slightly higher to $1,219 per troy ounce. Palladium was even at $308 per troy ounce.
Base metals were mixed. Copper was down by 0.6 [...]
Copper higher on new strike concerns
by Brian Turner
Precious metals prices dropped on Tuesday. Gold declined by $12 to $637.90/$638.60 per troy ounce, while silver dropped 28 cents to $10.74 per troy ounce. Base metals prices, however, were higher. Three-month copper was $45 dollar higher to $7,785 per tonne on the London Metal Exchange even though a strike of Mexican [...]
Copper, gold prices drop
by Brian Turner
In the metals markets on Monday, spot gold was up to $672.90 per troy ounce in early trade, but by the middle of the day in New York it had lost $14.80 to $648.90 per troy ounce. In base metals, copper was also down as the end of a miner’s strike in Mexico made [...]
Base metals prices up on inventories
by Brian Turner
Gold was up $13 on Friday to $665 per troy ounce in late afternoon trade in London, after reaching as much as $667 per troy ounce earlier in the day. Gold added 5 percent during the week.
Base metals also saw prices go up. Nickel added $450 on Friday and gained 7 percent over [...]
Metals prices rise on demand, political concerns
by Brian Turner
In the metals markets on Tuesday, three-month nickel rose to another new record high as it touched $25,700 per tonne before dropping back to $25,600 late in the day in London. The spot price for the metal, used in the manufacture of stainless steel, was even higher, at $27,650 per tonne in late trade. [...]
Base metals up on low inventories
by Brian Turner
Three-month nickel futures were up 3.2 percent on Monday to trade at $24,650 per tonne after rising as high as $24,750 earlier in the day. The advance was spurred by inventories that are down to around two days of global consumption. London Metal Exchange warehouses are down to stockpiles of 8,904 tonnes, their [...]
Metals prices up during week
by Brian Turner
Metals prices rose during the week as supplies were low and demand continued. Copper added around 6 percent on the London Metal Exchange even though it was down by $130 from Thursday’s close to trade at $7,750 per tonne on Friday, remaining approximately $1,000 below its May 11 record high even though it is [...]
Metals gain on low inventories
by Brian Turner
In the metals markets on Thursday, gold added 1 percent to $633.10/$634.60. Copper added 6.6 percent to $7,855 per tonne on low inventories, while nickel gained 3.9 percent to an all-time high price of $23,650 per tonne, and three-month aluminium was up 4.9 percent to $2,599.5 per tonne. Aluminium prices were aided by [...]
Nickel prices at new peak
by Brian Turner
In the metals markets on Wednesday, spot nickel prices rose $350 per tonne to a new high of $24,000 per tonne, while three-month nickel was up to $23,000 per tonne, close to a record high. The price gains came as inventories in London Metal Exchange warehouses dropped to 9,258 tonnes on Wednesday. Nickel [...]
Nickel inventories down to 7,000 tonnes in LME warehouses
by Brian Turner
Trade was slow in the metals markets on Monday. Gold was up $12 to $624/$625 per troy ounce after hitting a month-long high of $625.05 during the day, having gained 15 percent in the past two weeks on talk that the central banks in China and in the United Arab Emirates are thinking about [...]