Aluminium
Copper prices rise on inventory decline
by Brian Turner
The price of gold held steady for the most part on Tuesday, trading at $644.40 per troy ounce as investors waited for the US Federal Reserve to make its latest decision on interest rates. The announcement of the decision is due on Wednesday. Lower gold prices were credited with a resurgence in Chinese [...]
Tin prices up 0.4 percent on Indonesian smelter crackdown
by Brian Turner
Gold was lower in metals markets on Monday, trading at $645.70 per troy ounce ahead of a new decision on interest rates from the US Federal Reserve, due Wednesday.
Base metals prices were mostly lower. The major exception was tin, which added 0.4 percent to $12,250 per tonne on a drop of 375 tonnes on [...]
Cash for buying houses
by Brian Turner
If you’re looking to move abroad, the last thing you’ll probably want is to end up caught up in a property chain. With the hassles of moving abroad already significant, the last thing many ex-pats will want is to find themselves having to manage properties in two different countries – even continents, sometimes.
When asking themselves [...]
Strike fears help boost nickel prices
by Brian Turner
In metals markets on Friday, gold dropped close to $3 to trade at $643.90/$644.90 per troy ounce. It had gone to a nearly six-month high of $654 during Thursday’s session amid rumors that the International Monetary Fund had taken a decision to change guidelines on the accounting for central bank gold loans. The [...]
Gold declines, other precious metals see gains
by Brian Turner
Gold was lower in precious metals markets on Thursday, but silver, platinum and palladium were all higher. February Gold had dropped 20 cents to $648 per troy ounce on the New York Mercantile Exchange, while March silver was 19.7 cents higher to $13.47 per troy ounce. April platinum added $6.90 to $1,180 per [...]
Supply concerns send base metals prices higher
by Brian Turner
Base metals prices trended upward on Tuesday. The price of nickel reached new highs as cash prices hit $40,600 per tonne and three-month prices were up to $38,200 per tonne at one point in the day as traders worried about possible supply disruptions on the potential of a strike at an Xstrata mine in [...]
Three-month nickel hits another record high price
by Brian Turner
In metal markets on Monday, gold added $1 by late in the day in London to trade at $636.75/$637.75 per troy ounce after hitting a three-year high at $639.60 per troy ounce earlier. Three-month nickel was up 3 percent on the day, more than $1,200 higher per tonne after rising to another record high [...]
Nickel hits new record before dropping $150 per tonne
by Brian Turner
In the metals markets on Thursday, nickel hit a new record of $36,000 per tonne on the London Metal Exchange but dropped back later in the day for a decline of $150 on the session to $35,350 per tonne. There was a report that a ship carrying up to 1,000 tonnes of nickel had [...]
Gold gains $8 per troy ounce
by Brian Turner
In the metals markets on Wednesday, gold was better than $8 higher as it traded at $633.20/$633.95 per troy ounce. Base metals prices were again mixed, with nickel and copper both higher but three-month aluminium $4 lower to $2,677 per tonne. Three-month copper added $40 to $5,640 per tonne, while nickel added close [...]
Base metals prices mostly up on falling LME inventories
by Brian Turner
In the precious metals markets on Tuesday gold, sliver and platinum were all trading around previous levels, with gold at $625.70 per troy ounce, silver at $12.81 per troy ounce and platinum at $1,138 per troy ounce.
Base metals prices were mixed on the session. Three-month aluminium dropped to $2,681 per tonne on a rise [...]
Gold higher, base metals prices drop on session
by Brian Turner
In the metals markets, gold was $12 higher, trading in the range of $624.30/$625.50. Gold gained 3 percent on the week. Base metals prices were lower on the day. Copper dropped $135 to $5,760 per tonne on the London Metal Exchange. Despite the decline, copper prices added 2.6 percent during the [...]
Base metals mostly higher on session
by Brian Turner
In the metals markets on Thursday gold added close to $4, to $613.70/$614.45 per troy ounce. The gains came even though the dollar strengthened during the day. Most base metals prices were also up, the exception being copper, which dropped $40 to $5,837 per tonne. Three-month nickel added $1,950 late in the [...]
Base metals prices mixed on news, inventories
by Brian Turner
In the metals markets on Tuesday, gold was 0.2 percent lower to $608.50 per troy ounce, prices again being driven by the drop in the price of crude oil. Base metals were mixed, with copper and aluminium up but zinc, nickel and tin lower. Copper was 0.2 percent higher to $5,616 per tonne [...]
Gold prices up on weak dollar, Iran worries
by Brian Turner
In the metals markets on Tuesday, gold added 0.6 percent to $640.30 per troy ounce. The precious metal was helped by weakness in the US dollar and heightened tensions after the president of Iran rejected UN sanctions against his nation in response to its continued nuclear program.
Base metals prices, however, were lower on the [...]