Aluminium
Base metals prices rise on low inventories
by Brian Turner
Metals prices were higher on Thursday. In precious metals, the price of gold advanced due to weakness in the dollar, while other precious metals followed gold’s lead. Gold added 1.7 percent to $646.90 per troy ounce, while platinum was up 1.8 percent to $1,170 per troy ounce and silver gained $13.93 per troy ounce. Among [...]
Gold drops 0.3 percent
by Brian Turner
Precious metals prices were mixed on Tuesday as investors waited for US Federal Reserve chairman Ben Bernanke to make comments later in the day. Gold dropped 0.3 percent to $638.70 per troy ounce, while silver added 0.3 percent to $13.50 per troy ounce and platinum was 1.3 percent higher to $1,150 per troy ounce. Base [...]
Metals prices mixed on weak dollar
by Brian Turner
Metals prices were mixed on Monday. Among precious metals, gold added 0.2 percent to $639.10 per troy ounce after going as high as $641.75 per troy ounce earlier in the day, while silver gained 0.4 percent to $13.41 per troy ounce. Platinum, however, dropped 3.8 percent to $1,140 per troy ounce on profit taking after [...]
Zinc up on lower inventories
by Brian Turner
Prices for precious metals were mixed on Wednesday. Gold added 0.4 percent to $628.80 per troy ounce, but platinum prices dropped 6.9 percent to $1,145 per troy ounce on continuing rumors that an exchange-traded fund for the metal will be introduced soon. Base metals were also mixed. Zinc added 1.7 percent to $4,365 per tonne [...]
Platinum prices reach new high
by Brian Turner
Platinum prices were up on Tuesday as metals prices generally rose on a day of volatility in the metals markets. Platinum ended the session 3.1 percent higher to $1,290 per troy ounce on continuing speculation that an exchange traded fund will be introduced for the metal after similar funds for gold and silver have met [...]
Base metals up on merger news, shrinking inventories
by Brian Turner
In the metals markets on Monday, prices rose in both precious and base metals. Gold added 0.5 percent to $624.10 per troy ounce, while silver gained 1 percent to $12.88 per troy ounce and platinum was 5.1 percent higher to $1,246 per troy ounce. The price of platinum was helped by rumors that an exchange [...]
Most metals prices drop this week
by Brian Turner
In the metals markets, precious metals were lower, with gold dropping 1.1 percent on the week to $621.30 per troy ounce. Silver fell 1.5 percent over the week to $12.79 per troy ounce but consultancy GFMS predicted that a hike to $15 per troy ounce could be coming soon. Platinum was 3.4 percent lower to [...]
Base metals mixed on supply, demand predicitions
by Brian Turner
In the metals markets on Thursday, gold was slightly higher to $623.00 per troy ounce. Base metals were mixed, with copper 1.6 percent lower to $6,800 per tonne on a report from Bloomsbury Mineral Economics that predicted that the refined copper market would run a surplus of 45,000 tonnes in 2007; its previous forecast had [...]
Precious metals prices decline
by Brian Turner
In the metals markets on Monday, prices were down almost universally. The exceptions were in aluminium and nickel prices. Aluminium was 0.7 percent higher to $2,714 per tonne, while nickel added 1 percent to $29,700 per tonne. Copper led the declines among base metals. It ended the session at $6,917 per tonne after going as [...]
Precious metals see small price gains
by Brian Turner
In the metals markets on Friday gold was as high as $636.50 per troy ounce after comments from China that it is looking to diversify its foreign exchange reserves. By late afternoon in London, however, the price of gold had fallen to $628.80 for a gain of only 0.1 percent on the week. Meanwhile, platinum [...]
Metals prices decline on session
by Brian Turner
In the metals markets on Wednesday, gold dropped over $3 to $621.00/$621.55 early in the day in New York. Zinc prices were $80 lower to $4,420 per tonne even though they were as high as $4,535 per tonne during the day, a new record. The price decline came even though London Metal Exchange warehouse inventories [...]
Gold, platinum decline on session
by Brian Turner
In the metals markets, gold was trading at $625.50/$626.60 per troy ounce, down $2, by mid-morning in New York after hitting $629.40 per ounce earlier in the day. Platinum was $10 lower to $1,188/$1,194 per troy ounce. Among base metals, zinc added $35 to $4,425 per tonne late in the session in London after going [...]
Lead hits new record
by Brian Turner
In metals markets on Thursday, lead prices scored another record high on the London Metal Exchange, reaching $1,703.5 per tonne. Meanwhile, three-month copper traded in the $7,200/$7,220 per tonne range as stockpiles rose but remained at less than three days’ global consumption in LME warehouses. Aluminium added $26 to trade in the $2,756/$2,760 per tonne [...]
Copper prices drop $225 per tonne
by Brian Turner
In the metals markets on Wednesday, gold hit a seven week high as it climbed $9.70 to $615.70 per troy ounce on weakness in the US economy, signaled by a drop in October’s numbers on manufacturing from the Institute of Supply Management and the further decline of the dollar. Base metals were also lower, with [...]