Thursday, July 6, 2006
Metals gain on low inventories
Story link: Metals gain on low inventories
by Brian Turner
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 purchases by Japan and a decline in London Metal Exchange warehouses.
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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: « Nickel prices at new peak
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