Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 04th of December 2008
Thursday, July 12, 2007

Precious metals see gains

Story link: Precious metals see gains
by Elaine Frei
Precious metals see gains

Prices for precious metals were higher on Thursday in New York.

August gold added $6.20 to $668.30, its highest closing level since early June.

Analysts said that investors are interested in gold because it looks as if US interest rates will hold steady for the rest of the year and because the dollar is likely to decline further as the euro hit another all-time high against the greenback during the session.

Higher oil prices are also said to be a factor in the advance of gold prices.

September silver was also higher, adding 21 cents to $13.18

October platinum, meanwhile, was $14.60 higher to trade at $1,330.70.

 

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