Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Friday 03rd of September 2010
Monday, March 3, 2008

Gold, platinum touch new record highs

Story link: Gold, platinum touch new record highs
by Elaine Frei
Gold, platinum touch new record highs

Prices for precious metals were higher Monday, with gold and platinum hitting record highs in New York, as crude oil prices neared $104 per barrel and the US dollar hit yet another new record low in relation to the euro.

April gold touched a record $992 per troy ounce before trading $8.20 higher than Friday’s close to $983.20 per troy ounce near the close of floor trade in New York, while April platinum jumped $60.90 to a new record high of $2,241.60 per troy ounce.

Silver was also higher, going up to $20.74 per troy ounce before settling back to $20.18 per troy ounce, still a gain of 26 cents.

Meanwhile among base metals, May copper gained 7 cents to $3.93 per pound in New York and three-month copper in London was up $170 to $8,600 per tonne after London Metal Exchange stockpiles fell 1.6 percent to 141,375 tonnes.

LME copper inventories are now down 28 percent so far this year.

 

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