Tuesday, July 25, 2006
Base metals inventories continue to decline
Story link: Base metals inventories continue to decline
by Brian Turner
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 $7,425 per tonne on lower London Metal Exchange stockpiles and growing concerns about a possible strike in Chile. Nickel was up 2.6 percent to $24,650 per tonne on another drop of 24 tonnes in LME inventories.
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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: « Base metals rise on low stockpiles
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