Aluminium
Platinum adds nearly $22 in New York
by Brian Turner
Metals prices were higher on Thursday after the US dollar declined in response to lower than expected gross domestic product figures for the first quarter. The weakness in the data led some to believe that the Federal Reserve could cut interest rates, which would benefit metals prices.
August gold added $7.40 by early afternoon trade [...]
Most metals prices lower on session
by Brian Turner
Base metals prices were affected by declines in China’s equities market Wednesday, with most prices declining on the session. The exception was lead, which added 2.1 percent to $2,287.5 per tonne and reached a new record high of $2.290 per tonne during the day. Analysts said that the price of lead could go [...]
Precious, base metals prices mixed
by Brian Turner
Metals prices were mixed on the session Tuesday. Gold was 0.2 percent higher to $656.75 per troy ounce in late trade in London as investors waited for new US data, due later in the week. Meanwhile, in New York in midday trade, silver added 22 cents to $13.30 per troy ounce. On [...]
Base metals prices up on lower inventories
by Brian Turner
Most metals prices were higher on Friday as inventories declined among industrial metals. Copper added 3 percent on the London Metal Exchange, taking the price of nickel, zinc, aluminium and lead with it. Lead had the biggest gains there, with a 5 percent advance. Inventories were down for all base metals in [...]
Metals prices fall in London
by Brian Turner
Metals prices dropped on Thursday after the dollar strengthened on home sales data.
Among precious metals, gold dropped $7 to trade in a range around $653.30/$654.80 per troy ounce by late in the day in London. Gold prices were as low as $651.50 per troy ounce earlier in the session, a two-month low. Platinum [...]
Nickel prices drop $2000 per tonne on higher LME inventories
by Brian Turner
Precious metals prices were lower on Tuesday in New York. June gold dropped $3.90 to trade at $659.90 per troy ounce. July silver fell 14 cents to $12.99 per ounce, while platinum was $21 lower to $1,298.70 per troy ounce.
Meanwhile, on the London Metal Exchange, most base metals were also lower. The [...]
Most precious metals prices higher on session
by Brian Turner
The prices of most precious metals were higher on Monday. June Gold added $1.80 to $663.70 per troy ounce. However a new report form the World Gold Council said that investment demand was lower in the first quarter and analysts were prediction that prices might well drop further.
June palladium was also higher, adding [...]
Metals prices gain on day, some still down on week
by Brian Turner
Some precious metals prices were higher during the day Friday, but remained lower than they were at the beginning of the week. Gold was $3 higher on the day to trade at $660.65/$661.15 per troy ounce, but it still dropped $10 over the week. Platinum prices were up $7 on the day to [...]
Gold prices down $16 in two days
by Brian Turner
June gold was down again on Thursday on the New York Mercantile Exchange, dropping $4.30 to $657.20 per troy ounce and bringing its two-day decline to almost $16. Analysts said that the declines were due to technical issues rather than in reaction to any substantial news.
In other precious metals, July silver was 4.7 cents [...]
Precious metals, most base metals prices drop
by Brian Turner
Copper prices were at their lowest in six weeks on Wednesday on indications that demand for the metal in China could be slowing as the market there looks to be awash in copper after strong imports. Three-month copper on the London Metal Exchange dropped $145 on the session to $7,610 per tonne after going [...]
Copper, nickel up on halt in Arctic shipments
by Brian Turner
Precious metals prices were up on the session, with gold $3 higher to $672 per troy ounce. Platinum was up $13 to $2,330 per troy ounce as platinum traders convened in London to discuss contracts with produers and consumers.
Among base metals, three-month copper added $149 to $7,780 per tonne. Chile’s copper exports were up [...]
Metals prices decline
by Brian Turner
Metals prices were lower in early afternoon trade in New York. June gold had dropped $2.20 to $67.10 per troy ounce, while July silver was down 7 cents to $13.24 per troy ounce. Platinum was $12.40 lower to trade at $1,329.30 per troy ounce. Among base metals, July copper had fallen 11 [...]
Platinum adds $17.50 per ounce
by Brian Turner
The price of June gold was $5.30 higher in early afternoon trade in New York on Friday, to $672.30 per troy ounce. It traded between $668.80 and $674.10 during the session up to that point.
Silver and platinum were also both higher. Silver added 17 cents to $13.31per troy ounce, and had traded between [...]
Gold down more than $15 in early afternoon trade
by Brian Turner
Prices for precious metals were much lower on Thursday. June gold was down $15.50 in early afternoon trade in New York to $667 per troy ounce, having traded in a range between $665.80 and $679.50 during the session so far.
July silver dropped 33 cents to $13.14 per troy ounce after it traded between $13.12 [...]
Precious metals prices see declines
by Brian Turner
Gold futures were lower in US trade Wednesday, with June contracts down $4.90 to $682.50 per troy ounce after having traded in a range from $677.50 to $688.90. Spot gold was quoted at $679.50/$680.00 per troy ounce, lower than Tuesday’s late quote of $684.30/$685.80 per troy ounce in New York, while the afternoon fix [...]
Aluminium prices higher as other base metals decline
by Brian Turner
Most base metals prices were lower on Tuesday despite inventories that remain tight. Lead was $25 lower to $2,115 per tonne and zinc dropped $40 to $4,130 per tonne on the London Metal Exchange, which had been closed Monday for a holiday.
Copper fell $155 to $8,165 per tonne after a strike in Peru ended [...]
Precious metals prices see gains
by Brian Turner
Prices for precious metals were higher on Monday. In early afternoon trade in New York, June gold had added 60 cents to $690.30 per troy ounce, while July sliver was 11 cents higher to $13.64 per troy ounce. June platinum jumped $22.10 to $1.350.90 per troy ounce.
In base metals, July copper was 4 [...]
Lead, nickel again see new record prices
by Brian Turner
Metals prices were up this week, with base metals gaining more than precious metals. Lead hit a record high of $2,115 per tonne on Friday and settled nearly that high at $2,107.5 per tonne for a gain of 4.3 percent this week. Prices for the metal were driven by a halt in exports [...]
Metals prices climb on session
by Brian Turner
Metals prices were higher on Thursday. Gold was up 1.2 percent to $680.80 per troy ounce on reports that inflows into the seven major gold Exchange Traded Funds were up to 12.7 tonnes in April, well up from 5.6 tonnes in March for a total this year to date of 49 tonnes.
Among base metals, [...]
Gold prices down; base metals mixed
by Brian Turner
Gold prices dropped on Wednesday as trade from Asian nations was slow due to holidays in that part of the world. The precious metal dropped 0.6 percent to $672.70 per troy ounce.
Base metals were mixed in the face of a strike in Peru even though talks have begun, support for the strike appears to [...]