Aluminium
Gold up as investors look for safe investments
by Brian Turner
In the metals markets, gold added $3.40 on Wednesday, to $630.30 per ounce on the New York Mercantile Exchange. The price increase, which comes on the heels of a gain of nearly $5 on Tuesday, comes as investors look for a safe place to put their money amid continuing tensions over Iran’s nuclear ambitions. [...]
Nickel prices up 140 percent this year
by Brian Turner
In the base metals markets, copper prices were slightly above Thursday’s levels on Friday, but traded as low as $6,325 per tonne during the day, near an eight month low. While three-month copper prices are generally on the decline, however, an analyst pointed out that prices for December 2010 copper on the London Metal [...]
Precious metals prices up on weaker dollar
by Brian Turner
Precious metals prices were higher on Tuesday, with gold adding $5 to $620.10/$620.60 per troy ounce late in the afternoon in London, helped by a weakening US dollar. Silver gained 20 cents to $12.64/$12.71 per troy ounce, while platinum was $16 higher to $1,118/$1,123 per troy ounce.
Some base metals prices were also higher, after [...]
Copper prices gain $45 on Chile strike
by Brian Turner
Gold was slightly lower in late afternoon trade on Monday, with the precious metal trading at $612.90/$613.40 per troy ounce. At the close on Friday, gold was trading in the range of $615.00/$616.50 per troy ounce. Silver, meanwhile, dropped 45 cents in late afternoon trading in London to trade at $12.36 per troy [...]
Base metals prices decline after new highs
by Brian Turner
In the metals markets on Friday, gold dropped $2 on Friday but ended the week just $1 lower as it traded at $623.20/$624.70 per troy ounce.
Most base metals saw declines on the day, while tin was steady at $11,050 per tonne after having hit a 20-year high on Tuesday at $11,275 per tonne. Copper [...]
Nickel adds $425 per tonne on session
by Brian Turner
In the metals markets on Wednesday, gold was 70 cents lower in slow trade to $628.70/$6.29.35 per troy ounce. Most base metals were lower as well, the one notable exception being nickel, which was $425 higher to $33,225 per tonne. Aluminium dropped $7 to $2,800 per tonne, while zinc fell $90 to $4,290 [...]
Aluminium sole gainer in metals markets
by Brian Turner
In the metals markets on Tuesday, gold declined $1.90 to $628.30/$629.05 per troy ounce late in the day in London as buyers waited to see what the US Federal Reserve would do about interest rates. Lead dropped $35 by late in the day to $1,730 per tonne late in the day after reaching a [...]
Lead adds $35 per tonne on LME
by Brian Turner
Base metals prices hit record prices Monday, but not all of them maintained the gains by the end of the session. Lead added $35 dollars to trade at $1,765 per tonne by the end of the session after reaching a record high of $1,772.5 per tonne earlier in the day. Lead prices are [...]
Metals prices mixed on supply, strike worries
by Brian Turner
In the metals markets this week, gold dropped 2.4 percent to $630.1 per troy ounce as the US dollar strengthened. In base metals, nickel ended the week at $34,200 per tonne as London Metal Exchange stockpiles stood at a mere 4,320 tonnes. Aluminium was 0.4 percent higher on the week to $2,828 per [...]
Precious, base metals prices decline
by Brian Turner
Prices on precious metals dropped Thursday. Platinum was 0.4 percent lower to $1,116 per troy ounce, while gold fell 0.9 percent to $628.70 per troy ounce. Base metals prices also dropped ahead of Friday’s latest US employment data. Tin fell 0.5 percent to $10,700 per tonne on uncertainties relating to supplies. [...]
Metals prices fall on session
by Brian Turner
In the metals markets on Wednesday, gold dropped 1.1 percent to $635.90. Base metals were also lower, as nickel dropped 0.2 percent to $34,225 per tonne, lead fell 0.4 percent to $1,725 per tonne, and zinc was down 1.6 percent to $4,430 per tonne. Three-month aluminium was 2.2 percent lower to $2,776 per [...]
Copper adds 2 percent on shrinking inventories
by Brian Turner
In the metals markets on Tuesday, lead dropped 0.2 percent to $1,735 per tonne, but not before hitting a new record high price of $1,744 per tonne when London Metal Exchange inventories dropped to 41,075 tonnes, its lowest level of the year. Other base metals prices were higher on the session. Zinc rose [...]
Prices mixed in base metals
by Brian Turner
In the metals markets on Monday, gold dropped 0.2 percent to $644.30 per troy ounce as demand for bullion as an investment has gone up even as jewelry demand has dropped as prices have risen.
Among base metals, three-month aluminium was up to $2,832.5 per tonne at one point during the session and dealers expected that [...]
Copper down $90 on Friday, drops 2.5 percent over week
by Brian Turner
Gold hit its highest price in three months on Friday as the US dollar continued to weaken when it rose to $648.60 per troy ounce during the day, but by late afternoon in London it was $1 lower than Thursday’s close as it traded around the $646/$647 per troy ounce level. That left gold [...]