Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 20th of November 2008
Tuesday, November 6, 2007

Platinum hits new high in New York

Story link: Platinum hits new high in New York
by Elaine Frei
Platinum hits new high in New York

Precious metals prices were higher on Tuesday, platinum reaching a new high and gold and silver both hitting long-term highs on the session.

The gains came as the euro reached another new high in relation to the US dollar.

January platinum added $17.20 to $1,483.70 per troy ounce in New York, the highest on record for a most-active contract, to bring its gains to 29 percent so far this year.

Platinum prices were also supported by continued problems at South African mines, with the National Union of Mineworkers threatening to strike over safety issues after a series of accidental deaths of miners.

December gold ended the New York session $13 higher at $823.80 per troy ounce after going as high as $828 per troy ounce, its highest level since January 1980.

Silver for December delivery also reached a long-term high at $15.54 per troy ounce before dropping back to $15.37 per troy ounce, a gain of 59 cents on the session.

Earlier in the day December palladium had added $5 to $380.10 per troy ounce.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Platinum hits new high in New York

Lead hits new record ...

Interest rate concerns hits gold price ...

Three-month nickel hits another record high price ...

Zinc hits new high on declining inventories ...

Copper hits fifth record high in a row ...

Latest Metals News:

Latest News  Copper prices fall on inventories, US housing data

Latest News  Copper, aluminium gain after early declines

Latest News  Gold drops half a dollar in New York

Latest News  Copper pares gains on US retail data

Latest News  Copper, aluminium inventories continue to climb

Latest News  Alcoa delays expansion at Wagerup and cuts production

Latest News  Platinum, palladium down on auto sector problems

Latest News  China’s stimulus plan sends most metals higher

Latest News  Western Areas reports on high grade nickel at Spotted Quoll

Latest News  Rio looks for Chinese joint ventures


Previous: « Base metals prices see gains
Next: Gold forecasts bolstered by continued rise »

Visited 1047 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):