Monday, July 2, 2007
Gold, platinum each add more than $8 on session
Story link: Gold, platinum each add more than $8 on session
by Brian Turner
by Brian Turner
Gold futures were $8.30 higher in New York on Monday as investors looked for safe places to put their money after recent terrorist activity in the UK.
In addition, higher crude oil prices helped drive the price of gold higher while the dollar declined on global currencies markets.
August gold traded at $659.20 per troy ounce by the end of the session. September silver was also higher, adding 27 cents to $12.74 per troy ounce, while October platinum gained $8.60 to $1,295.10 per troy ounce.
Among base metals, meanwhile, September copper in New York added 8 cents to trade at $3.53 per pound.
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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: « Precious metals prices mixed
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