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 added 16 cents to $13.48 per troy ounce. June palladium was $5.75 higher to $357.75 per troy ounce, while April platinum gained $11 to $1,241 per troy ounce.
In base metals trade, copper prices were 2 percent higher to $6,740 per tonne after London Metal Exchange stockpiles dropped by 1,525 tonnes during the day. Meanwhile, nickel added 2.4 percent to $45,350 per tonne. Demand for nickel in China is expected to increase to 300,000 tonnes this year due to demand by stainless steel producers.
Related posts to: Precious metals see prices rise
Metals prices continue to rise ...
Nickel, copper prices rise as gold, zinc decline ...
Metals prices rise again ...
Gold price pauses for breath ...
Copper prices rise on demand hopes ...
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: « Base metals prices lower on session
Next: Nickel inventories rise slightly in LME warehouses »
Visited 1461 times, 2 so far today