Precious metals, copper up on weaker dollar
by Elaine Frei

Precious metals prices were higher in New York on Monday as the US dollar declined against the euro after having made gains last week.
December gold was up $4.30 at around 1:30 p.m. to $676.60 per troy ounce, but analysts said that substantial gains are likely not forthcoming until either the dollar weakens more or investors have some reason to find safer places for their money.
September silver was also higher, adding 19 cents to $12.90 per troy ounce, while October platinum gained 10 cents to trade at $1,286.80.
Meanwhile among base metals, September copper added 4 cents to $3.59 per pound in New York, while it added $85 to $7,835 per tonne on the London Metal Exchange.
Besides the decline in the dollar, a decline of 1,000 tonnes in LME warehouse inventories supported the price of copper despite an announcement that production will resume at a mine in Chile that had been shut down due to worker protests.
Add to Bookmarks:
Related posts to: Precious metals, copper up on weaker dollar
Metals prices up on weaker dollar ...
Weaker dollar boots precious metals prices ...
Metals prices mixed on weaker dollar, lower oil prices ...
Gold up on weak dollar ...
Precious metals prices up on weaker dollar ...
Latest Metals News:
Copper prices drop in New York, London
BHP Billiton scraps plans to acquire Rio
Base metals see more price declines
Copper prices fall on inventories, US housing data
Copper, aluminium gain after early declines
Gold drops half a dollar in New York
Copper pares gains on US retail data
Copper, aluminium inventories continue to climb
Alcoa delays expansion at Wagerup and cuts production
Platinum, palladium down on auto sector problemsPrevious: « Nissan threatens Platinum prices
Next: Rio Tinto plans Malaysian aluminium smelter »
Visited 1493 times, 2 so far today