New York gold adds nearly $3 per ounce
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.
Add to Bookmarks:
Related posts to: New York gold adds nearly $3 per ounce
Platinum adds nearly $16 in New York ...
Gold adds $8 in New York to end week ...
July platinum adds $13.50 per ounce ...
Gold up on day; adds $32 on week ...
Gold adds almost $15 to $808.50 in New York ...
Latest Metals News:
Copper prices fall on inventories, US housing data Copper, aluminium gain after early declines Gold drops half a dollar in New York Copper pares gains on US retail data Copper, aluminium inventories continue to climb Alcoa delays expansion at Wagerup and cuts production Platinum, palladium down on auto sector problems China’s stimulus plan sends most metals higher Western Areas reports on high grade nickel at Spotted Quoll Rio looks for Chinese joint venturesPrevious: « Most base metals higher as lead declines
Next: Base metals demand to remain strong »
Visited 646 times, 1 so far today