Thursday, August 3, 2006
Copper higher while gold declines
Story link: Copper higher while gold declines
by Brian Turner
by Brian Turner
In the metals markets, copper was higher on Thursday, but gold fell by around $10 to $640.60/$641.35 per troy ouince as oil prices fell and the dollar strengthened. Copper was $87.50 higher to $7,885 per tonne as the possibility of a strike in Chile still was a possibility. Management tendered an offer of a 3 percent hike in salaries and bonuses of around $15,000 per worker, well below what the union is demanding.
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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: « Gold, copper prices rise
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