Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 04th of December 2008
Friday, April 27, 2007

Some precious metals prices rise

Story link: Some precious metals prices rise
by Brian Turner
Some precious metals prices rise

Precious metals prices were mixed on Friday, with gold and silver higher but platinum lower. June gold added $3.80 to $681.80 per troy ounce by early afternoon in New York, while July silver gained 12 cents to $13.58 per troy ounce. Platinum, however, was down by $10.60 to $1,293 per troy ounce. The threat of a strike next week in Peru, which is a major source of gold and silver, could have been one reason for price gains in those metals.

The fear of a strike could not hold copper above the $8,000 level, however, even though Peru is a major producer of that base metal as well. Copper dropped 2.6 percent during the week to trade at $7,745 per tonne. Elsewhere, the price of tin dropped by 3.1 percent over the week to $13,250 per tonne as supply worries receded in Indonesia.

 

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