Aluminium
Gold adds $15 to new closing high in New York
by Elaine Frei
May gold added $15 to $1,439.90 per troy ounce, a new record closing high that was nearly $1 higher than its previous record close, with gains coming as investors looked for safe places to put cash in the face of concerns about debt in the Eurozone and uncertainty over the outcome of political unrest in [...]
Gold prices gain on investor search for safety
by Elaine Frei
Gold prices were higher Wednesday as more investors looked for safe places to put their cash as they worried about ongoing fighting in Libya and continuing debt problems in parts of Europe, while concerns also remain about the nuclear crisis in Japan and anti-government demonstrations in the Middle East. Gains were held down, however, by [...]
Stronger US dollar sends gold prices lower
by Elaine Frei
June gold dropped $3.80 to $1,417.50 per troy ounce at the close of floor trade in New York on Tuesday, its lowest close in two weeks, after trading as low as $1,412.10 per troy ounce earlier before buying was improved by a Conference Board report that said its consumer confidence index fell in March due [...]
Demand worries take copper prices lower
by Elaine Frei
Base metals prices were lower Monday, with copper seeing declines in both New York and London trade on lack of demand in China, and on concerns that Japanese carmakers will have to shut plants in China due to a shortage of parts related to the 11 March earthquake and tsunami. Large amounts of copper are [...]
Gold drops on stronger US dollar, remains above $1,425 oz
by Elaine Frei
Metals prices were lower on Friday’s session in New York as a stronger US dollar outweighed worries about events in North Africa, the Middle East and Japan. Demonstrations continued in Yemen and Syria, with police again firing on demonstrators across Syria and demonstrators in Yemen again took to the streets even though there were reports [...]
Gold hits intraday high but closes lower in New York
by Elaine Frei
Precious metals prices were mixed Thursday as gold ended the session slightly lower after rising to a new intraday record higher earlier in the session, with some analysts explaining the gains and declines by pointing out that April contracts are about to roll over to June contracts, which sometimes increases price volatility. April gold was [...]
Gold closes at new record high in New York
by Elaine Frei
The price of gold reached a new record closing high in New York trade as some analysts predicted that gold will hit $1,500 per troy ounce soon. April contracts for gold added $10.40 to $1,438 per troy ounce as investors worried about continuing fighting in Libya and unrest in other parts of North Africa and [...]
Gold prices higher on geopolitical tensions
by Elaine Frei
Precious metals prices were mixed Tuesday in New York trade, with gold and silver seeing gains while platinum and palladium both were lower on the session. April gold added $1.20 to $1,427.60 per troy ounce at the close of floor trade in New York, brining its gains in five sessions to almost $35 as it [...]
Gold gains on Libya questions, Yemen violence
by Elaine Frei
Precious metals prices were higher Friday, with gains coming on uncertainties over an announced cease-fire in Libya and on more reported violence against anti-government demonstrators. April gold added $11.90 to $1,416.10 per troy ounce at the end of floor trade in New York, but it was still 0.4 percent lower on the week. The advance [...]
Gold prices up in New York on weaker US dollar, higher CPI
by Elaine Frei
The price of gold was higher in New York on Thursday as the US dollar weakened, consumer prices were reported up and the Labor Department reported that 16,000 fewer new unemployment claims were filed last week in the United States, from the previous week. The Commerce Department, meanwhile, reported that consumer prices were up 0.5 [...]
Gold makes small gains in New York trade
by Elaine Frei
The price of gold was slightly higher Wednesday, but came off bigger gains after the US dollar strengthened. April contracts for gold added $3.30 to $1,396.10 per troy ounce in New York trade, but was off its earlier high of $1,406.60 per troy ounce after gains for the greenback. Prices were higher on continuing concerns [...]
Copper, other metals prices drop on continuing worries about Japan
by Elaine Frei
Metals prices were lower Tuesday as investors fled risk and the US dollar strengthened slightly. May copper was 5 cents lower to $4.14 per pound in New York trade, while three-month contracts were down $77 to $9,118 per tonne on the London Metal Exchange after falling to as low as $8,944.50 per tonne earlier its [...]
Copper prices up slightly on hopes for long-term demand gains
by Elaine Frei
Copper prices were up slightly Monday, helped a bit by anticipated demand gains in the longer term when Japan begins to rebuild in the wake of the earthquake and tsunami that struck the Asian nation Friday. May copper added less than a cent to $4.19 per pound in New York trade, while three-month contracts were [...]
Copper prices about even on uncertainty after Japan quake
by Elaine Frei
Copper prices were little-changed Friday as investors waited to see what effect the magnitude-8.9 earthquake that shook Japan in the afternoon local time would have on operations and demand, with some analysts saying that demand could decline in the immediate wake of the quake and tsunami that followed, but that demand could increase in the [...]
Copper prices drop on China trade deficit increase
by Elaine Frei
Copper prices were lower Thursday after new data showed that China’s trade deficit grew to $7.3 billion in February, its highest in seven years, raising the possibility that demand for the metal will drop there. Data also showed that imports of unwrought and semi-finished copper into China fell by 35.4 percent last month from January, [...]
Copper prices drop in New York, London
by Elaine Frei
Copper prices were lower Wednesday as recent high prices discouraged investors, and on concerns about demand in China and elsewhere. May copper dropped 13 cents to $4.21 per pound in New York, a decline of 2.9 percent on the session and copper’s lowest close in nearly three months there, while three-month contracts were $255 lower [...]
Gold down $7 in New York
by Elaine Frei
Precious metals prices were lower in New York trade Tuesday. April contracts for gold ended the session down $7.30 to $1,427.20 per troy ounce on rumors that Libyan leader Muammar Qadaffi is attempting to negotiate his safe exit from the country after he resigns from office. The reports were said to come from his opposition, [...]
Gold gains more as investors seek safety
by Elaine Frei
Gold prices were higher in New York Monday, with purchases driven by safe-haven buying as fears of more unrest in North Africa and the Middle East and of rising oil and gasoline prices frightened investors into looking for secure places to put their cash. April gold added $5.909 to $1,434.50 per troy ounce, below a [...]
Gold, silver gain on search for safe investments
by Elaine Frei
Prices for gold and silver were up Friday as investors avoided risk and sought out safe places to put their cash as they worry about the continuing civil unrest in the Middle East and North Africa, about rising oil prices, and about the possibility that inflation will grow. Conditions did not get any better in [...]
Gold, other precious metals see price declines
by Elaine Frei
The price of gold fell Thursday, with April contracts down $21.30 to $1,416.40 per troy ounce in New York trade after closing at a record $1,437.70 per troy ounce just yesterday. The gains came as at least some risk demand returned to markets, with positive sentiment coming from new data showing that the US economy [...]