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 $9.05 to $374.30 per troy ounce. Meanwhile, July silver added 12.7 cents to $13.13 per troy ounce by the close of the session. July Platinum, however, declined on the session, falling $6.50 to $1,319.70 per troy ounce. The decline extended its recent losses to $15.
Among base metals, July copper added 7.7 percent to $3.4005 per pound.
As of Friday, inventories of gold were up to 7.71 million troy ounces, while silver stockpiles remained unchanged at 132 million troy ounces and copper supplies were steady at 31,379 short tons.
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