Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Wednesday 07th of January 2009
Thursday, October 11, 2007

Most metals see gains

Story link: Most metals see gains
by Elaine Frei
Most metals see gains

Precious metals prices were higher in New York on Thursday after the US dollar again dropped, making the metals more attractive as investments.

December gold was $10.70 higher to $756.70 per troy ounce as investors looked for secure places to put their money.

Silver contracts for December added 32 cents to $13.99 per troy ounce, while January platinum jumped $22.40 to $1,420.40 per troy ounce.

Meanwhile among base metals, December copper fell 3 cents to $3.67 per pound in New York, while it was up $40 to $8,220 per tonne, or $3.73 per pound on the London Metal Exchange during the day.

Earlier in the London session, nickel was $730 higher to $32,225 per tonne even as stockpiles grew by 462 tonnes, while tin was up $50 to $16,050 per tonne, zinc added $36 to $3,101 per tonne, and aluminium gained $7 to $2,473 per tonne.

Lead fell $25 to $3,865 per tonne.

 

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