Friday, July 14, 2006
Base metals prices up on inventories
Story link: Base metals prices up on inventories
by Brian Turner
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 the week as spot prices hit $29,000 per tonne and three-month prices were at $25,700 per tonne on the London Metal Exchange. Copper gained $160 on Friday to $8,080 per tonne, the first time copper has breached that level since May. Again, low stockpiles helped prices rise.
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