Wednesday, December 12, 2007
Gold, platinum gains as silver declines
Story link: Gold, platinum gains as silver declines
by Elaine Frei
by Elaine Frei
Precious metals prices were mixed Wednesday in New York trade.
Gold saw some gains after a plan was announced for several central banks in North America and Europe to inject cash into the banking system via auctions and currency swap lines.
The gains, $1.90 to $819 per troy ounce for February contracts, came on the possibility that the plan could create inflation.
January platinum was also higher, adding $12.50 to $1,479.80 per troy ounce, but March silver dropped 4 cents to $14.83 per troy ounce.
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