Thursday, December 20, 2007
Platinum declines on China demand worries
Story link: Platinum declines on China demand worries
by Elaine Frei
by Elaine Frei
Precious metals prices were mixed in New York on Thursday.
January platinum dropped $6.30 to $1,517.50 per troy ounce after China’s central bank raised interest rates there, causing concerns that demand from that Asian nation will decline.
March contracts for palladium was also lower, dropping $2.90 to $358.20 per troy ounce, but it was still up 5.8 percent on the year.
February gold was also lower, dropping $2.50 to $802.90 per troy ounce as the US dollar gained on the euro once again.
Going against the grain was March silver, which added 12 cents to $14.34 per troy ounce.
Related posts to: Platinum declines on China demand worries
Base metals prices decline on demand concerns ...
Base metals down, most precious metals higher ...
Copper drops in New York on demand concerns ...
Demand worries take copper prices lower ...
Copper prices hurt by demand worries, US jobs data ...
Latest Metals News:
Gold ends session lower in New York, but gains on week Gold prices retreat after setting new intraday high Gold closes at $1,666 per ounce in New York trade Gold prices at new records on disappointing US data Gold prices lower but comes off session lows on manufacturing data Gold sets new intraday, closing highs to end trading week in New York Copper rises; precious metals prices see declines Gold prices drop on profit-taking, stronger US dollar $1,616.80 per troy ounce: Another record high for gold Gold trades as high as $1,624.30 per ounce in New YorkPrevious: « Platinum price to remain strong into 2008
Next: Copper, zinc, tin, lead all see gains »
Visited 2197 times, 5 so far today