Aluminium
Precious metals prices mixed
by Brian Turner
Precious metals prices were mixed in early afternoon trade in New York on Friday. August gold was 50 cents higher to $650.90 per troy ounce, while October platinum had also added 50 cents to $1,286.50 per troy ounce. On the other hand, September silver was 3 cents lower, trading at $12.47 per troy ounce. In [...]
Copper prices add 2 percent on strike vote
by Brian Turner
Metals prices were higher on Thursday. Among precious metals, gold was 1.1 percent higher to $649.35 per troy ounce as traders waited for the announcement from the US Federal Reserve concerning what it had decided to do about interest rates. Later on, by early afternoon in New York, gold had risen a bit more, to [...]
Base metals prices higher in London
by Brian Turner
Metals prices were mixed on Wednesday. Base metals saw gains in London, while most precious metals were lower in New York. Copper was 0.1 percent higher to $7,375 per tonne as some strikes continued in Latin America and more were threatened. Also helping prices rise was the news that copper demand exceeded production in the [...]
Metals prices decline on interest rate, strike worries
by Brian Turner
Metals prices retreated on Tuesday. Gold was down 1.1 percent to $644.20 per troy ounce on technical selling prompted by concerns over interest rates. Platinum dropped 2.1 percent to $1,265 per troy ounce on lack of information on progress to avert a possible strike in South Africa. Among base metals, copper prices were 1.6 percent [...]
Precious metals lower in early afternoon New York trade
by Brian Turner
In metals markets, prices were mixed among base metals and lower for precious metals. Early afternoon trade in New York found August gold down $2.30 to $654.70 per troy ounce. July silver had dropped 14 cents to $12.88 per troy ounce, while July platinum was $16.30 lower to trade at $1,291.70 per troy ounce. Among [...]
Base metals prices mixed at week’s close
by Brian Turner
Base metals prices were mixed this week. Lead added 6.9 percent during the week to trade at $2,540 per tonne on Friday. Prices for lead prices were pushed up by declining inventories. There were also worries about Chinese supplies. On the other hand, copper prices dropped 1.2 percent to $7,440 per tonne as worries continued [...]
Nickel prices up; copper, lead prices lower
by Brian Turner
Metals prices were mostly lower on Thursday. The exception was nickel, which added 1.9 percent in London to trade at $37,200 per tonne. Copper, however, was down 0.8 percent to $7,460 per tonne on the London Metal Exchange, on gains in LME stockpiles. Continuing strike worries in Latin America prevented copper prices from falling any [...]
Lead higher on data, new export taxes in China
by Brian Turner
Metals prices were mixed again on the session. Most base metals saw prices climb, but nickel dropped again, by 2.7 percent to $36,500 per tonne. Zinc prices were just slightly higher, to $3,620 per tonne on the news that there was a supply deficit in the metal in April, or the first time since October [...]
Copper, zinc and nickel prices decline on session
by Brian Turner
Prices on base metals were mixed on Tuesday. Gains came for aluminium and lead, while copper, zinc and nickel saw declines. Aluminium gained slightly to trade at $7,206 per tonne. The move by China to eliminate tax rebates on aluminium products beginning on 1 July is said by analysts to be a positive development. Lead, [...]
July platinum adds $13.50 per ounce
by Brian Turner
Metals prices were mixed in early afternoon trade in New York. Among base metals, September copper traded even at $3.42 per pound. Meanwhile, among precious metals, August gold was up $1.20 to trade at $659.90 per troy ounce. July platinum was also higher, gaining $13.50 to $1,299.50 per troy ounce. July silver, however, dropped 3 [...]
Metals prices end week mixed
by Brian Turner
Metals prices were mixed this week. Most base metals higher on the week, but nickel declined by 0.9 percent. Zinc gained 2.9 percent during the week to $3,745 per tonne on declining inventories. Meanwhile, copper added 4.9 percent to $7,510 per tonne. While one strike in Mexico was cancelled, other labor problems in Mexico and [...]
Metals prices higher on session
by Brian Turner
Metals prices were higher on Thursday. Among base metals, copper and nickel were both gained in London. Copper added 2 percent to $7,315 per tonne after London Metal Exchange inventories dropped by 800 tonnes. Nickel, meanwhile, was 4.6 percent higher to trade at $41,850 per tonne. In early afternoon trade in New York, meanwhile, August [...]
Copper prices lower despite decline in LME inventories
by Brian Turner
Metals prices were lower on Wednesday. Among base metals, lead dropped 0.6 percent to $2,310 per tonne, while copper and zinc each lost 1 percent. Copper retreated to $7,290 per tonne even though stockpiles in London Metal Exchange warehouses were 450 tonnes lower and worries continued about strikes in Mexico and Chile. Zinc traded at [...]
Zinc inventories up but still tight
by Brian Turner
Metals prices were lower on Tuesday’s session. In precious metals, by early afternoon trade in New York August gold had dropped $5.90 to trade at $653.10 per troy ounce after having traded in a range between $650 and $656. July silver was 19 cents lower to $13.09 per troy ounce, while July platinum had dropped [...]
Gold prices add over $8.50 per troy ounce in New York afternoon trade
by Brian Turner
Metals prices were higher on Monday. At early afternoon in New York, August gold had added $8.70 to $659 per troy ounce after trading in a range between $644.50 and $659.20. July silver was up 24 cents to $13.28 per troy ounce, while July platinum gained $11.20 to $1,298 per troy ounce. Base metals also [...]
Gold drops almost $15 per ounce in New York
by Brian Turner
Metals prices were lower on Friday, following other commodities prices lower on worries having to do with interest rates and global economic growth. Gains by the dollar were also a factor in the decline of gold prices in New York. August gold fell $14.90 in early afternoon trade to $650.30 per troy ounce on the [...]
Nickel prices fall by 4.6 percent
by Brian Turner
Metals prices retreated for the most part. Copper added 0.1 percent to $7,430 per tonne after London Metal Exchange inventories dropped by 775 tonnes. Elsewhere, zinc prices were 1 percent lower to $3,640 per tonne even though LME stockpiles fell by 1,300 tonnes. Nickel dropped 4.6 percent to $43,440 per tonne after the London Metal [...]
Metals prices drop despite some decline in inventories
by Brian Turner
Metals prices were lower on the Wednesday. Lead was 0.9 percent lower to $2,305 per tonne, while nickel dropped 1.3 percent to $45,600 per tonne. Aluminium fell 1.9 percent to $2,750.5 per tonne. Zinc was 2.2 percent lower to $3,690 per tonne despite London Metal Exchange inventories that were 1,000 tonnes lower. Copper prices were [...]
Lead prices drop 1 percent
by Brian Turner
Metals prices were mixed on the session. Gold added 0.2 percent to $671.55 per troy ounce. Base metals, however, saw prices decline. Copper and aluminium each dropped 0.8 percent, to $7,650 per tonne and $2,802.5 per tonne respectively. Meanwhile, lead dropped 1 percent to $2,345 after Xstrata (LSE: XTA) said it will partially lift a [...]
Precious metals gain; most base metals up as well
by Brian Turner
Metals prices were mostly higher on Monday. In midday trade in New York June gold gained $2.10 to $673.30 per troy ounce on the New York Mercantile Exchange. August gold in New York was up $2.40 to $679.30 per troy ounce. Also in New York, July silver was 8 cents higher to $13.820 per troy [...]