Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Friday 03rd of September 2010
Wednesday, September 19, 2007

Precious metals gain on US rate cut

Story link: Precious metals gain on US rate cut
by Elaine Frei
Precious metals gain on US rate cut

Precious metals prices were higher in New York on Wednesday, a day after the Federal Reserve cut US interest rates by 0.5 percent.

The gains came as investors speculated that the rate cut would weaken the US dollar and make metals a more attractive investment.

December gold added $5.80 to $729.50 per troy ounce, while December silver was 18 cents higher to $13.11 per troy ounce.

October platinum was up $1.80 to $1,308.50 per troy ounce on hopes that lower interest rates will help the economy and push up demand from automakers and jewelers.

December palladium was also higher, climbing 80 cents to $336.50 per troy ounce.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Precious metals gain on US rate cut

Precious metals gain ahead of Fed rate decision ...

Precious metals gain; copper prices decline ...

Precious metals gain on session ...

Gold high on dollar losses ...

Universal to develop Roseby Copper project ...

Latest Metals News:

Latest News  US pending home sales data helps copper prices

Latest News  Positive data chases gold prices lower

Latest News  Gold gains on search for safetey ahead of economic data

Latest News  Gold gains as US dollar weakens

Latest News  Gold prices fall on US jobs news

Latest News  US durable goods orders, new home sales drive metals price moves

Latest News  Gold gains, copper drops on US home sales data

Latest News  Copper prices fall on economic, demand concerns

Latest News  US unemployment numbers hurt copper prices

Latest News  Copper prices gain on more inventory declines


Previous: «
Next: »

Visited 1301 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):