Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Saturday 11th of February 2012
Tuesday, August 21, 2007

Gold drops 30 cents, silver down 23 cents in New York

Gold drops 30 cents, silver down 23 cents in New York

Metals prices were mixed again Tuesday.

Among precious metals, December gold was 30 cents lower to $666.20 per troy ounce in New York and December silver dropped 23 cents to $11.67 per troy ounce as the dollar made back early losses on the euro.

On the other hand, October platinum added $4.00 to $1,251.40 per troy ounce on continuing fears that demand could decline.

Among base metals, December copper was down less than 1 cent to $3.16 per pound in midday trade in New York, while on the London Metal Exchange it dropped 0.5 percent to $6,960 per tonne after LME stockpiles added 1,275 tonnes.

Meanwhile, tin added 0.4 percent to $14,050 per tonne in London, while nickel was up 3.6 percent to $27,199 per tonne.  Lead and aluminium both traded even, at $2,895 per tonne and $2,483 per tonne respectively, while zinc fell 1.7 percent to $3,010 per tonne.

 


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