Thursday, March 6, 2008
Gold prices decline on profit-taking
Story link: Gold prices decline on profit-taking
by Elaine Frei
by Elaine Frei
Precious metals prices were lower on Thursday.
April gold was down $11.60 to $976.90 per troy ounce in New York on profit-taking after hitting a new record high on Wednesday.
Some analysts expressed the opinion that prices have gone too high for some buyers at this point, citing an 81 percent decline in gold imports to India in February over the same month last year.
May silver dropped 58 cents to $20.21 per troy ounce, while April platinum plummeted $75.30 to $2,200.80 per troy ounce on the session.
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