Aluminium
Metals prices mixed in New York
by Brian Turner
The price of gold rose on Friday, adding $4 by midday in New York to trade at $665.50 per troy ounce on the New York Mercantile Exchange. That put it up 1.2 percent over last week’s close, but it was still 1 percent lower from its trading level at the end of February. [...]
Precious metals prices lower on session
by Brian Turner
Precious metals prices were lower on Thursday, with June gold futures on the COMEX unit of the New York Mercantile Exchange $5.30 lower to $667.60 per troy ounce after trading in a range between $660.80 and $672.50 during the session. Spot gold was quoted at $661.20/$661.70 per troy ounce, with the London afternoon fix [...]
Precious metals prices gain
by Brian Turner
Price for precious metals were higher on Wednesday as markets were unsettled by rumors of military action in the Persian Gulf region. The rumors turned out to be false, but metals prices stayed higher anyway.
April gold added $4.30 to $666.80 per troy ounce and traded in a range between $663.30 and $669.80 per troy [...]
Aluminium adds $25 per tonne
by Brian Turner
Most precious metals prices were lower on Tuesday. The exception was April platinum, which added $5.50 to $1,242 per troy ounce. Otherwise, April gold dropped $1.40 to $662.50 per troy ounce on the New York Mercantile Exchange, following crude oil prices lower and as stockpiles fell by 197 troy ounces. Silver inventories [...]
Price of copper declines
by Brian Turner
The price of gold rose on Monday, gaining on the additional geopolitical tensions created last week when Iran captured 15 British sailors in the Persian Gulf. Gold traded in a range around $662.00/$662.60 late in the day in London, up from Friday’s late quote in New York of around $657/$658.
Base metals prices were mixed [...]
Nickel inventories rise slightly in LME warehouses
by Brian Turner
Precious metals prices dropped on Friday as investors took profits, but political tensions heated up by Iran’s capture of 15 British Navy personnel and accompanying rises in oil prices kept the price of gold from falling too far. April gold on the COMEX dropped $6.90, to $657.30 per troy ounce. During the day [...]
Precious metals see prices rise
by Brian Turner
Prices for precious metals rose on Thursday. April gold gained $4.20 to close at $664.20 per troy ounce after going as high as $667.60 per troy ounce during the day, three week high. It was the sixth day in a row of gains in the price of gold.
Among other precious metals, May silver [...]
Base metals prices lower on session
by Brian Turner
The price of gold remained steady, trading in the range of $658.80/$659.80 per troy ounce on Wednesday after it went as high as $661.85 per troy ounce during the session.
Base metals prices were lower on the day. Tin dropped $150 to $14,200 per tonne for three-month contracts. The decline came after tin hit [...]
Base metals prices decline on session
by Brian Turner
Base metals prices were lower on Tuesday even though tin reached a long-term high and copper prices were up to their highest level since December during the session. Meanwhile, nickel was down approximately 4 percent on the session, with three-month prices falling $2,000 to $44,500 per tonne.
Tin reached as high as $14,200 per tonne [...]
Nickel cash price above $50,000 per tonne
by Brian Turner
Base metals prices were higher on Monday due to low supplies and high demands.
Copper hit its highest price of the year so far, reaching $6,650 per tonne at one point in the session after a statement by BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) that higher demand in China would put pressure on the [...]
Price of nickel nears $50,000 per tonne
by Brian Turner
Most metals prices were higher this week, the main exception being zinc, which ended the week just about where it began, trading at $3,260 per tonne as inventories rose and as China increased exports.
Tin prices were 1.5 percent higher on the week to $13,850 per tonne as stockpiles in London Metal Exchange Warehouses dropped to [...]
Metals prices rise again
by Brian Turner
In metals markets on Thursday morning, aluminium traded at $2,762.5 per tonne after London Metal Exchange inventories rose by 75 tonnes. Copper inventories in LME warehouses, however, were down by another 1,625 tonnes, boosting the price of copper by 3.5 percent to $6,440 per tonne. Nickel, meanwhile, broke another record as it hit [...]
Nickel prices up again while other metals decline
by Brian Turner
Metals prices were mostly lower on Wednesday. The major exception was nickel, which added 2.5 percent to $44,700 per tonne after falling back from $44,800 per tonne, another new record. Steelmakers have begun to cut back on their purchases of nickel as prices have soared. Inventories are still at extremely low levels [...]
Metals prices fall despite declines in inventories
by Brian Turner
After gains early in the day, metals prices were lower on Tuesday. Gold was 0.3 percent lower to $648.50 per troy ounce on new production data. Output was up by 25.7 percent in January, but more established producers saw output decline. South Africa saw production decline by 8.9 percent in January, compared [...]
Copper prices up on higher China imports
by Brian Turner
Metals prices were up on Monday. In precious metals, gold added $3 to $652.10/$652.85 per troy ounce as the US dollar weakened.
Among base metals, nickel hit yet another new record high even though London Metal Exchange warehouses reported a slight gain in inventories, as stockpiles remained below a day’s global consumption. At one [...]
Base metals drop on session, gain over week
by Brian Turner
The price of gold rose slightly on Friday, but base metals prices saw declines on the session. Gold traded at $651.00/$651.75 per troy ounce and was around $8 higher over the week.
Copper dropped more than 2 percent on Friday to $6,125 per tonne. Copper prices still gained over $100 on the week and [...]
Another new high for nickel as inventories remain low
by Brian Turner
Metals prices were on the rise again on Thursday, with gold adding $7 to $652.10 per troy ounce after rising as high as $655 per troy ounce during the session.
In base metals, nickel managed another record high and added $850 on the day, closing at $42,850 per tonne after rising to a record $43,300 per [...]
Nickel prices up on inventory decline
by Brian Turner
Metals prices were up on Wednesday. In precious metals, April gold was up $4.70 to $650.90 per troy ounce at mid-morning after having gone as high as $652 per troy ounce and as low as $644.40 per troy ounce. May silver added 9 cents to $13.075 per troy ounce, while June palladium added [...]
Tin prices could rise due to supply deficit
by Brian Turner
The price of gold added $7 to $644.60/$645.60 per troy ounce on Tuesday. It was the first time in six sessions that gold prices advanced.
Base metals prices were also higher. Three-month copper remained over $300 lower than its peak for the year, reached last week, even though it added $80 to $5,970 per [...]
Gold drops $4 during session
by Brian Turner
Prices for both precious and base metals were lower on Monday. Gold dropped by more than $4 to trade in a range around $638.90/$639.65 per troy ounce, while silver dropped 2 percent to $12.65/$12.70 per troy ounce. Platinum was also lower, falling more than 2 percent to trade around $1,171/$1,176 per troy ounce. [...]