Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Wednesday 15th of October 2008
Monday, December 31, 2007

Gold falls on session, ends year higher

Story link: Gold falls on session, ends year higher
by Elaine Frei
Gold falls on session, ends year higher

Precious metals prices were mixed in New York on Monday.

February gold was down $4.70 to $838 per troy ounce as the US dollar saw gains versus the euro on the news that existing home sales were up in the United States in November.

Despite the day’s decline, US gold ended higher for the seventh year in a row and some analysts were predicting that it would hit all-time highs in the first quarter of 2008.

April platinum also saw declines, dropping $14.10 to $1,525.40 per troy ounce.

March silver, however, added 3 cents to $14.92 to cap its seventh consecutive year of gains.

Among base metals, March copper dropped 3 cents to $3.04 per pound in New York.

While copper prices ended the year 6.4 percent higher than they began, it was the smallest yearly gain since 2001 after a year in which the housing market slump led to less demand for the metal.

Builders constitute the biggest market for copper in the US, with around 400 pounds of the metal used in the construction of the average home.

 

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: Gold falls on session, ends year higher

Gold ends November lower ...

Gold ends even in New York ...

Gold falls 1.1 percent on New York session ...

Gold falls on easing inflation fears ...

Aluminium falls amid gains for other base metals ...

Latest Metals News:

Latest News  Base metals back to declines

Latest News  Copper up but closes well below session highs

Latest News  Copper adds 17 cents per pound in New York

Latest News  Copper drops $515 per tonne in London

Latest News  Copper gains $75 despite demand concerns

Latest News  Industrial metals suffer on economy concerns

Latest News  Precious metals prices climb on demand

Latest News  Gold gains on investor search for safety

Latest News  Copper prices gain on demand hopes

Latest News  EMED Mining acquires 100% of Andalucian copper mine


Previous: « Copper drops on home sales data
Next: Precious metals gain on lower dollar, higher oil prices »

Visited 407 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):