Thursday, March 27, 2008
Gold even in New York as silver, platinum see gains
Story link: Gold even in New York as silver, platinum see gains
by Elaine Frei
by Elaine Frei
Some prices for precious metals were higher after early declines on Thursday on gains by the US dollar versus the euro.
June gold was trading even at $954.20 per troy ounce near the close of floor trade in New York after being lower most of the session, while May silver added 17 cents to $18.55 per troy ounce.
July platinum, meanwhile, was $35.70 higher to $2,058.60 per troy ounce on speculation that demand for the metal, used in jewelry and in the manufacture of pollution-control devices for motor vehicles, could remain strong even as the US economy slows.
Among base metals, May copper added 15 cents to $3.87 per pound in New York trade.
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