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Gold closes at $1,531.20 in New York
by Elaine Frei
June gold set yet another set of record highs Thursday as the US dollar weakened and after separate reports showed that US unemployment claims were up last week and the nation’s economy did not grow as quickly in the first quarter of this year as it did in the last quarter of 2010. June gold [...]
Gold hits new highs on Federal Reserve decision
by Elaine Frei
Gold prices hit new highs again Wednesday after taking a breather from a streak of new records on Tuesday, with gains coming as the Federal Reserve released its latest decision on US interest rates. June gold added $13.60 to $1,517.10 per troy ounce, a record high at the close, while it went as high as [...]
Gold prices fall in New York; first decline in over a week
by Elaine Frei
The price of gold fell Tuesday in New York, the first day of declines after eight sessions in a row of gains and ending a run of six sessions that ended with record high closing prices. June gold dropped $5.60 to $1,503.50 per troy ounce on Comex after going as low as $1,492 per troy [...]
Gold prices end near $1,504 per ounce in New York trade
by Elaine Frei
Gold prices set more new records in New York trade Thursday, ahead of the three-day weekend in New York and four-day break for most of Europe and some other global markets to mark the observation of Easter. June gold added $4.90 at the close of floor trade in New York to a new closing high [...]
Gold prices continue to climb in New York trade
by Elaine Frei
Gold hit new highs again Wednesday as investors looked for safe places to put their cash and as the US dollar weakened. June gold was up $3.80 to $1,498.90 per troy ounce in New York trade, another new record close, after going as high as $1,506.20 per troy ounce to set a new intraday high. [...]
Gold prices set new intraday, closing highs in New York trade
by Elaine Frei
Gold prices set new intraday and closing highs in New York trade on a weaker US dollar and as investors looked for safe places to put their cash as they worried about debt problems in the developed world, especially after yesterday’s downgrade of the long-term US credit outlook from Standard & Poor’s. June gold was [...]
New York gold prices in another record high
by Elaine Frei
The price of gold set another closing record Friday as investors worried about inflation, especially in China, while US consumer sentiment rose in the latest Thomson Reuters/University of Michigan Survey. June gold added $13.60 to $1,486 per troy ounce in floor trade in New York, while it continued to rise in electronic after-hours trade on [...]
Copper prices down on higher inventories, China inflation
by Elaine Frei
Copper prices were lower again Thursday on more concerns about inflation in China and as inventories continue to grow. May copper was a cent lower to $4.28 per pound in New York trade, while three-month contracts were down $105 to $9,410 per tonne on the London Metal Exchange. Media reports said that it is likely [...]
Gold gains after late-day decline on US dollar
by Elaine Frei
June gold ended $2 higher at $1,455.60 per troy ounce in New York trade on Wednesday after a decline late in the session after the US dollar strengthened. Despite fairly large declines the past couple of days for gold, a metals analyst for the London based GFMS metals consultancy predicted that gold prices will rise [...]
Prices for copper, other metals decline
by Elaine Frei
Metals prices followed oil prices lower Tuesday. The price of copper was down after Goldman Sachs warned that commodities prices will see significant declines in the short term, as well as on a warning from Japan’s finance minister that his country could end up taking a larger hit than first believed from damage caused by [...]
Copper declines as demand concerns resurface
by Elaine Frei
Copper prices were lower Monday as investors once again worried that demand could decline if oil prices remain high. May copper was down 4 cents to $4.46 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing dropped $20 to $9,855 per tonne on the London metal exchange. [...]
Fourth day in a row of record highs for gold
by Elaine Frei
Gold prices set records for their fourth session in a row in New York trade on Friday as the US dollar weakened, making metals purchased in other currencies less expensive, and as investors worried about inflation, a possible shutdown by the US government, and the continuing unrest in the Middle East and North Africa, which [...]
More new highs for gold in New York trade
by Elaine Frei
June gold added $6 to close at $1,458.50 per troy ounce and was as high as $1,463.70 per troy ounce earlier in the session, to set closing and intraday highs in New York trade for the second consecutive session as investors worried about inflation and as the US dollar weakened, making purchases in other currencies [...]
Gold in new intraday, closing records in New York
by Elaine Frei
Gold hit new intraday and closing prices Tuesday, with prices supported by troubles in several regions of the world. June gold added $19.50 to close at a new record at $1,452.50 per troy ounce after setting a new intraday record high at $1,455.50 per troy ounce on fears that the inability of the US Congress [...]
Inflation fears lift gold, other precious metals prices
by Elaine Frei
Precious metals prices were higher Monday as rising crude oil prices sent investors looking for safe places to put their cash as they worried about inflation. June gold added $4.10 to $1,433 per troy ounce in New York trade as the US dollar was slightly weaker and as more news about trouble in the Middle [...]
Copper prices lower on stockpiles, manufacturing data
by Elaine Frei
Copper prices fell Friday, hurt by recent gains in stockpiles and decreased buying by China. May contracts for copper were down 5 cents to $4.26 per pound in New York trade, while three-month contracts went untraded at the close on the London Metal Exchange but were down $71 to $9,359 per tonne at last bids. [...]