Wednesday, March 26, 2008
Precious metals prices rise again
Story link: Precious metals prices rise again
by Elaine Frei
by Elaine Frei
Precious metals prices were up again on Wednesday as the US dollar declined versus the euro after a business confidence index in Germany showed unexpected gains and the president of the European Central Bank predicted that high interest rates would hold inflation in check.
April gold added $13.60 to $948.60 per troy ounce in near the close of floor trade in New York, while May silver was up 58 cents to $18.38 and April platinum gained $26.70 to $2,012.60.
Meanwhile, May copper was up 4 cents to $3.72 per pound in New York.
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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: « Rio pursues growth as BHP offer dismissed at too low
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