Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 29th of July 2010
Tuesday, June 17, 2008

Metals prices mixed on weaker dollar, lower oil prices

Metals prices mixed on weaker dollar, lower oil prices

Metals prices were mixed Tuesday.

Gold was up slightly on a weaker dollar after declining earlier as oil prices declined.

August gold had added 30 cents to $886.60 per troy ounce just before the close of floor trade in New York, while at the same time July platinum was up $13.60 to $2,064.30 per troy ounce but July silver dropped 17 cents to $17.06 per troy ounce.

Copper dropped with the decline in oil prices as demand for the metal as a hedge against inflation dropped and as London Metal Exchange stockpiles increased.

September copper was down 1 cent to $3.65 per pound in New York while three-month copper was down $10 to $8,090 per tonne in London, with prices down despite ongoing protests at Peru mines which prevented workers from reaching some mines.

 

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