Aluminium
Price of copper, other metals helped by US GDP report
by Elaine Frei
Metals prices were higher Thursday on a report showing that the US has likely emerged from the recession and on a weaker dollar. December copper was up 10 cents to $3.03 per pound in New York trade, while three-month copper added $234.50 to $6,664.50 per tonne on the London Metal Exchange. Demand hopes were stimulated [...]
Gold moves lower on stronger dollar
by Elaine Frei
The price of gold continued Wednesday to be driven by the fortunes of the US dollar, with gold dropping on the session as the dollar strengthened. December gold was $4.90 lower to $1,030.50 per troy ounce in New York trade, while December silver fell 29 cents to $16.25 per troy ounce, January platinum was $12.10 [...]
Most metals prices fall on dollar, US confidence
by Elaine Frei
Copper prices, and prices for most other metals, fell Tuesday as the US dollar continued to gain and US consumer confidence declined. December copper fell 1 cent to $3 per pound in New York trade while three-month contracts for the metal on the London Metal Exchange dropped $28 to $6,585 per tonne as stockpiles in [...]
Copper lower on strong dollar, despite China imports
by Elaine Frei
Copper prices fell Monday after rising to a 13-month high after the US dollar strengthened and even though new numbers showed that China’s imports of copper were up almost 30 percent in September, the fifth highest amount of copper ever shipped into the Asia nation in a month. December copper fell 2 cents to $3.01 [...]
Metals prices mixed as copper gains, gold declines
by Elaine Frei
Metals prices were mixed Friday as copper and some other base metals saw gains, but nickel and lead declined, as did gold and platinum prices. December copper added 4 cents to $3.03 per pound in New York and three-month copper was up $64 to $6,649 per tonne on the London Metal Exchange after going as [...]
Copper prices fall in New York, London
by Elaine Frei
Copper prices were lower Thursday as the US dollar strengthened and on a continuing strike in Chile. December copper fell 4 cents to $3 per pound in New York trade while three-month copper prices on the London Metal Exchange dropped half a percent to $6,560 per tonne on the session. Prices were down even though [...]
Gold gains again as dollar resumes decline
by Elaine Frei
The price of gold was higher Wednesday as the US dollar resumed declines. December gold added $5.90 to $1,064.50 per troy ounce in New York trade after dropping as much as $10.50 over yesterday’s closing price earlier in the session. Gold is presently attractive to investors, who are concerned that continuing weakening of the US [...]
Copper prices down on US home construction data
by Elaine Frei
Metals prices were mixed Tuesday as gold went only a little higher and copper declined on bad news about home construction in the United States. December copper fell 3 cents to $2.93 per pound in New York trade, while three-month copper dropped $49 to $6,416 per tonne on the London Metal Exchange after housing starts [...]
Copper prices gain on dollar, South American strikes
by Elaine Frei
Copper prices were up Monday as the US dollar weakened again, and on strikes by miners in Peru and Chile. The strike at a BHP Billiton (ASX: BHP; LSE: BLT; NYSE: BHP) mine in Chile, now in its 7th day, has caused output to slow there, according to a company spokesman. Meanwhile, the strike in [...]
Copper prices gain on China import data
by Elaine Frei
Copper prices were up Wednesday on new data showing that China imported 399, 052 tonnes of copper and copper-related products in September, a gain of 23 percent over August’s imports and almost 100,000 tonnes more than had been expected. Also helping prices was a continued weakening of the US dollar and a report showing that [...]
Gold in another record above $1,069 per ounce
by Elaine Frei
The price of gold reached another new record in New York trade on Tuesday, rising to $1,069.70 per troy ounce before ending the floor trade session $7.10 higher at $1,064.60 per troy ounce. Gains for gold came on continuing weakness for the US dollar as well as on concerns that inflation could grow, despite expectations [...]
Gold prices remain near record high
by Elaine Frei
Prices for metals were almost universally higher Monday as gold and copper both rose as the US dollar weakened again. December gold added $9.20 to $1,057.80 per troy ounce in New York trade after going above $1,060 per troy ounce earlier in the session, just a bit short of the record high of $1,062.70 per [...]
Gold at another record high
by Elaine Frei
Gold prices hit a record price for a second day in a row, rising to $1,049.70 per troy ounce in New York, despite a stronger dollar as investors showed less interest in currencies generally. December gold ended up adding $4.70 to trade at $1,044.40 per troy ounce in New York. The record gold prices are [...]
Gold prices jump on rumors that weaken US dollar
by Elaine Frei
Gold prices were much higher Tuesday, climbing to record highs after the US dollar weakened on reports in the UK newspaper The Independent that Gulf Arab states, along with other oil producers including Russia, China, Japan and France have held secret talks aimed at displacing the greenback as the currency in which oil is traded. [...]
Gold again gains on dollar weakness
by Elaine Frei
The price of gold was higher Monday after the US dollar weakened and investors looked to the precious metal as a better investment. December gold added $13.50 to $1,017.80 per troy ounce in New York trade. Meanwhile, Bank of America Merrill Lynch forecast that the price of gold will rise to $1,500 per troy ounce [...]
Gold prices up on weaker US dollar
by Elaine Frei
The price of gold was higher Friday as the US dollar weakened on new numbers from the Labor Department which showed that the United States lost more jobs than expected in September. The loss of 263,000 jobs, which sent the US unemployment rate to 9.8 percent, its highest in 26 years, reinforced concerns that economic [...]
Gold prices fall on weaker demand
by Elaine Frei
Gold prices fell in New York Thursday on a stronger US dollar that made the precious metal less attractive as an investment, while physical demand was also weak. Demand from Turkey was said to be so low that it could import the least amount of bullion on record this year. December gold was down $8.90 [...]