Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Saturday 04th of July 2009
Monday, May 5, 2008

Precious metals gain on dollar decline

Story link: Precious metals gain on dollar decline
by Elaine Frei
Precious metals gain on dollar decline

Precious metals prices jumped Monday as the US dollar weakened versus the euro and as crude oil prices hit yet another record high.

In afternoon trade in New York, June gold was up $13.50 to $871.50 per troy ounce while July silver had added 42 cents to $16.88 per troy ounce and July platinum gained $25.90 per troy ounce to $1,906.50 per troy ounce.

July copper traded 13 cents higher to $3.95 per pound at early afternoon in New York, but earlier it jumped to just above $4.26 percent to the pound, a new record as the strike in Chile continued.

Copper’s previous record, $4.04 per pound, was sent on April 17.

The London Metal Exchange was closed for the session due to a holiday.

 

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: Precious metals gain on dollar decline

Gold drops $11 in New York ...

Precious metals prices decline on session ...

Gold and silver decline on day, gain on week ...

Gold up as dollar fails to gain on euro ...

Gold drops $1.50 per ounce ...

Latest Metals News:

Latest News  Car sales, employment numbers send platinum lower

Latest News  Copper prices hurt by US, Eurozone jobs data

Latest News  Copper up on expanded manufacturing in China

Latest News  USD gains hurt metals prices

Latest News  Copper prices gain on falling stockpiles

Latest News  Xstrata confirms Anglo American merger plans

Latest News  Copper prices fall on less demand as investment

Latest News  Gold gains on economic, political issues

Latest News  Platinum prices higher on strike worries

Latest News  Rio proposes $15.2bn rights issue


Previous: « BHP makes slow progress in Rio takeover approvals
Next: Paramount enters alliance with Mexoro Minerals in Mexico »

Visited 1372 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):