Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Sunday 12th of October 2008
Friday, April 4, 2008

Most metals prices see gains

Story link: Most metals prices see gains
by Elaine Frei
Most metals prices see gains

The price of gold climbed slightly on Friday, with June gold adding $3.90 to $913.50 per troy ounce after the US dollar weakened and oil prices saw gains, but it remained 2.7 percent lower on the week.

Other precious metals followed gold’s lead, with May silver up 28 cents to $17.76 per troy ounce while July platinum gained $22.10 to $2,035 per troy ounce.

Among base metals, May copper was up 5 cents to $3.96 per pound in New York while three-month copper in London added $100 to $8,660 per tonne after analysts decided that the US Labor Department report showing a loss of 80,000 jobs in March wasn’t as worrying as they first indicated.

Most other base metals also saw gains.

Tin was $5 higher to $20,200 per tonne while aluminium was up $42 to $2,953 per tonne, zinc adde $45 to $2,365 per tonne and nickel gained $100 to $29,200 per tonne.

The main exception to the gains was lead, which dropped $20 to $2,940 per tonne.

 

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