Tuesday, September 19, 2006
Precious metals in price declines
Story link: Precious metals in price declines
by Brian Turner
by Brian Turner
In the metals markets on Tuesday, precious metals saw declines while the price of base metals were up. Copper added 0.5 percent to $7,490 per tonne on continuing supply and strike worries, while Nickel gained 4.3 percent to $27,750 per tonne.
Gold dropped 1.4 percent to $580.10 per troy ounce ahead of a decision from the US Federal Reserve on interest rates, due Wednesday. Silver declined by 1.8 percent to $10.93 per troy ounce, while platinum was 0.5 percent lower to $1,152 per troy ounce and palladium remained even at $307 per troy ounce.
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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: « Metals prices down this week
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