Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 20th of November 2008
Thursday, September 27, 2007

Platinum in new record

Story link: Platinum in new record
by Elaine Frei
Platinum in new record

Most metals prices were higher Thursday as the US dollar again fell to a record low versus the euro, the sixth trading day in a row that the greenback reached a new low against the shared currency.

January platinum jumped $12.50 to $1,373 per troy ounce, a new record high for the metal that is used in jewelry and in making pollution control devices for motor vehicles.

December gold added $4.40 in New York to $739.90 per troy ounce after rising as high as $743.20 per troy ounce earlier in the session.

Meanwhile, December silver gained 10 cents to $13.65 per troy ounce.

Among base metals, copper added 3 cents to $3.65 per pound in New York, while it gained $80 on the London Metal Exchange to $8,020 per tonne, or $3.64 per pound.

Elsewhere, lead was down by 1.2 percent in London to $3,402 per tonne after it had equaled its record high of $3,520 per tonne earlier on supply concerns.

 

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