Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Tuesday 14th of October 2008
Monday, April 14, 2008

Precious metals prices mixed on session

Story link: Precious metals prices mixed on session
by Elaine Frei
Precious metals prices mixed on session

Precious metals prices were mixed Monday as gold and silver saw gains but platinum and palladium declined.

June gold added $1.60 to $928.60 per troy ounce in New York while May silver was up 10 cents to $17.79 per troy ounce.

Both were higher after the US dollar again declined in relation to the euro.

On the other hand, July platinum dropped $46.60 to $1,981.50 per troy ounce while palladium was down $12.55 to $462.80 per troy ounce.

Among base metals, copper prices were lower as investors again began to worry that a slow economy would hurt demand for metals used in industry.

May copper was down 5 cents to $3.90 per pound in New York, while three-month copper dropped $105 to $8,545 per tonne, or $3.88 per pound, in London as London Metal Exchange stockpiles gained on the session.

 

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