Gold lower again
by Elaine Frei
Prices for precious metals were down again on Tuesday.
In early afternoon trade in New York, August gold had dropped 40 cents to $665.90 per troy ounce as investors bet that the euro will not strengthen any more versus the US dollar after the shared currency traded even against the greenback during the day.
At the same time, September silver was 5 cents lower to $13.02 per troy ounce in New York
Platinum was $4.50 lower to trade at $1,322.60 per troy ounce as a strike at the only US platinum producer ended and workers were expected to return to work Tuesday night.
Meanwhile talks continued at one South African platinum mine, while new talks to try to prevent a strike are set to begin soon at another mine in South Africa.
Palladium was also lower, dropping $2.45 to $367.75 per troy ounce.
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