Wednesday, October 10, 2007
New York gold adds nearly $3 per ounce
Story link: New York gold adds nearly $3 per ounce
by Elaine Frei
by Elaine Frei
Precious metals were higher Wednesday as the US dollar dropped again in relation to the euro.
December gold on the Comex division of the New York Mercantile Exchange was $2.90 higher to $746 per troy ounce, while in London spot gold was as high as $745.85 and later traded at around $740 per troy ounce, up from Tuesday’s final quote.
Some analysts are concerned, however, that gold’s rally could stall if the Federal Reserve fails to cut interest rates in the US again this year.
Comex December silver added 9 cents to $13.67 per troy ounce in New York, while spot silver in London added 14 cents to $13.60 per troy ounce.
January platinum in New York was up $18.40 to $1,398 per troy ounce on the session.
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Gold ends session lower in New York, but gains on week Gold prices retreat after setting new intraday high Gold closes at $1,666 per ounce in New York trade Gold prices at new records on disappointing US data Gold prices lower but comes off session lows on manufacturing data Gold sets new intraday, closing highs to end trading week in New York Copper rises; precious metals prices see declines Gold prices drop on profit-taking, stronger US dollar $1,616.80 per troy ounce: Another record high for gold Gold trades as high as $1,624.30 per ounce in New YorkPrevious: « Most base metals higher as lead declines
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