Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Saturday 11th of February 2012
Thursday, October 4, 2007

Gold up on weak dollar

Story link: Gold up on weak dollar
by Elaine Frei
Gold up on weak dollar

With the US dollar weaker versus the euro and yen on a report showing factory orders down more than had been anticipated in August, precious metals prices climbed Thursday in New York.

The new data on orders, which were down by 3.3 percent in August,  made it more likely that the Federal Reserve will cut US interest rates again later this month.

December gold added $8.10 to $743.80 per troy ounce after a two-day decline and after dropping by as much as 1.3 percent earlier in the session.

Silver contracts for December gained 3 cents to $13.50 per troy ounce, while January platinum was up $9.50 to $1,378.40 per troy ounce.

 


Related posts to: Gold up on weak dollar

Jewellery demand may temper gold price ...

Aluminium down on rising inventories, weak demand ...

Gold/US dollar connection unravels ...

Platinum gains on prediction of supply deficit ...

Gold gains on oil prices, weak dollar ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 1481 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):