Tuesday, February 6, 2007
Zinc prices add 4.4 percent on session
Story link: Zinc prices add 4.4 percent on session
by Brian Turner
by Brian Turner
Prices for base metals were mixed on Tuesday, with most seeing gains. The major exception was aluminium, which, while it did not decline, held even at $2,711.5 per tonne. Nickel was 0.6 percent higher to $35,900 per tonne. Copper added 3.2 percent to $5,510 per tonne after London Metal Exchange inventories dropped another 1,450 tonnes. Zinc gained 4.4 percent to $3,237 per tonne, also on a decline in inventories which were down 400 tonnes in LME warehouses.
The price of gold stayed above $650 per troy ounce as it traded at $654.20 per troy ounce. An analyst statement said that strong physical demand for gold has raised sentiment among other investors.
Related posts to: Zinc prices add 4.4 percent on session
Zinc gains 1.8 percent on prediction ...
Zinc prices lower despite inventory declines ...
Lead and zinc gain as copper declines ...
Copper, zinc prices gain on low inventories ...
Base metals hit new record prices ...
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: « Copper, zinc prices gain on low inventories
Next: Gold prices up 0.2 percent »
Visited 2361 times, 2 so far today