Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Sunday 07th of September 2008
Monday, April 7, 2008

Gold gains almost $14 on New York session

Story link: Gold gains almost $14 on New York session
by Elaine Frei
Gold gains almost $14 on New York session

Precious metals prices were higher on Monday on worries about more declines for the US dollar and on rising food and fuel prices.

Gold and silver were pushed up as higher prices for food and fuel sent investors looking for hedges against inflation.

June gold added $13.80 in New York to $927 per troy ounce while silver was up 37 cents to $18.12 per troy ounce.

Platinum saw gains on speculation that the dollar will weaken further, making it a more attractive investment.

July platinum was $17.50 higher to $2,048 per troy ounce, while in morning trade palladium gained just over $10 to $454.50 per troy ounce.

Among base metals, May copper added 3 cents to $3.98 per pound in New York trade.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Gold gains almost $14 on New York session

Platinum rises on continuing power problems in South Africa ...

Gold gains despite dollar strength ...

Gold gains on Iran worries ...

Platinum hits new high in New York ...

Copper gains on China imports ...

Latest Metals News:

Latest News  Copper losses pull other metals prices lower

Latest News  Xstrata increases stake in Indophil

Latest News  BHP fatality closes Australian iron ore mines

Latest News  Palladium gains as other precious metals see declines

Latest News  EU halts investigations into BHP’s bid for Rio

Latest News  Aluminium falls amid gains for other base metals

Latest News  Lomin rejects Xstrata bid but leaves door ajar

Latest News  Metals drop with crude oil prices

Latest News  Antofagasta forges ahead despite rising costs

Latest News  Copper prices lower on jump in inventories


Previous: « Western Areas announces record nickel intersection at Forrestania
Next: Eastern Platinum mine construction at the Crocette section »

Visited 1210 times, 6 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):