Wednesday, November 21, 2007
Gold gains while platinum, silver see declines
Story link: Gold gains while platinum, silver see declines
by Elaine Frei
by Elaine Frei
Precious metals prices were mixed in New York on Wednesday.
December gold was $7.10 higher to $798.50 per troy ounce on oil prices that traded as high as $99.29 per barrel at one point before ending lower for the day and on another decline for the US dollar.
Some analysts are predicting that gold prices will reach somewhere between $850 and $1,000 per ounce next year.
Silver for December delivery, on the other hand, dropped 8 cents to $14.42 per troy ounce, while January platinum fell $2.50 to $1,467.20 per troy ounce.
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