Aluminium
Gold ends session lower in New York, but gains on week
by Elaine Frei
December gold dropped $7.20 to $1,651.80 per troy ounce Friday as prices for the precious metal fluctuated between gains and losses all session as investors continued to worry about the economic situation in the United States even though the Labor Department delivered good news on jobs. The Labor Department said that the US economy added [...]
Gold closes at $1,666 per ounce in New York trade
by Elaine Frei
Gold prices remained in record territory Wednesday as investors looked for safe places to put their cash on declines in equities markets around the world. December gold added $21.80 to $1,666.30 per troy ounce in New York for a new record high at the close after going as higha s $1,675.90 per troy ounce earlier [...]
Gold trades as high as $1,624.30 per ounce in New York
by Elaine Frei
Gold prices hit another all-time high in New York Monday as investors looked for safe place to put their cash as they continued to worry about the seeming inability of US lawmakers to come to an agreement to raise the debt ceiling in order to avoid default in the world’s biggest economy. August gold ended [...]
Gold retreats, ends below $1,600 per ounce in New York trade
by Elaine Frei
Gold prices were lower again Wednesday, closing down $4.20 to $1,596.90 per troy ounce in New York as the metal could not bounce back from big losses in electronic trade overnight after an announcement from President Barack Obama yesterday that there had been progress toward solving a dispute over the US debt ceiling even though [...]
Copper prices higher; gold declines slightly in New York trade
by Elaine Frei
Prices for copper were higher Tuesday, but gold and silver lost ground after a string of gains that took gold to intraday and closing highs yesterday. September contracts for copper added 6 cents to $4.47 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing were up $146 [...]
Gold in new intraday, closing records in New York
by Elaine Frei
Gold prices set new intraday and closing records in New York trade Monday, the tenth consecutive day of gains for the precious metal. August gold was up $12.30 to $1,602.40 per troy ounce at the close in New York after going as high as $1,607.90 per troy ounce earlier in the session. The gains came [...]
Gold adds $13 in New York, rises to new closing record
by Elaine Frei
August gold added $13.10 to $1,562.30 per troy ounce Tuesday, a new record closing high, with gains coming on concerns that the European debt crisis will spread to Italy and Spain, the third and fourth-largest economies in Europe and are larager than those of Greece, Portugal and Ireland, all of which are already in debt [...]
Copper prices drop on data, weather, strikes
by Elaine Frei
The price of copper was lower in New York and London Wednesday as metals prices were mixed on news and new data. September contracts for copper were down 0.5 cent to $4.33 per pound at the close of floor trade in New York, while three-month contracts were down $19 to $9,521 per tonne on the [...]
Copper gains as other metals see price declines
by Elaine Frei
Prices for precious metals and most base metals were lower Friday, but copper prices were up on hopes that China will stop raising interest rates after manufacturing growth there slowed in June. September contracts for copper added 2 cents to $4.30 per pound and were up 4.9 percent on the week after the China Federation [...]
Gold prices drop in New York, other metals mixed
by Elaine Frei
The price of gold was lower as metals prices were mixed in New York and London Thursday after Greece’s parliament voted to implement the austerity measures it passed on Wednesday, while safe-haven buying was also reduced by better than expected news on Chicago-area manufacturing activity. August gold was down $7.60 to $1,502.80 per troy ounce [...]
Gold gains on safety buying ahead of Greek confidence vote
by Elaine Frei
Metals prices were higher Tuesday, with August gold up $4.40 to $1,546.40 per troy ounce as investors looked for safe places to put their cash ahead of a confidence vote in Greece and as the US dollar weakened. Most analysts expect that Greek Prime Minister George Papandreou will survive the confidence vote, scheduled for late [...]
Copper prices drop on stronger dollar, China monetary policy concerns
by Elaine Frei
Copper prices fell Wednesday on a stronger US dollar and concerns about more monetary policy tightening by China. In New York, copper was last down 4 cents to $4.13 per pound, while three-month contracts for the metal used in manufacturing and construction dropped $16 to $9,154 per tonne on the London Metal Exchange as copper [...]
Copper prices drop on data, LME inventory gains
by Elaine Frei
The price of copper was lower Thursday as data continued to raise concerns that demand will remain weak for the forseeable future. July contracts for copper were down 2 cents to $4.08 per pound in New York, while three-month contracts for the metal used in manufacturing and construction dropped $182 to $8,920 per tonne on [...]
Metals prices drop on disappointing data
by Elaine Frei
Metals prices were lower in New York and mostly lower in London Thursday after new economic data questioned the pace of recovery in the United States and showed that Japan’s economy contracted in the first three months of the year. Japan’s gross domestic product dropped by 3.7 percent in the first quarter of the year [...]
Gold, silver prices return to gains
by Elaine Frei
Metals prices advanced Wednesdsay, following other commodities higher as crude oil again topped $100 per barrel in New York trade and corn added nearly 4 percent in Chicago on concerns about how the weathr will affect crops. June gold was up $15.80 to $1,495.80 per troy ounce and July silver was up $1.61 to $35.10 [...]
Precious metals prices climb on worries about US, European economies
by Elaine Frei
Metals prices were higher Tuesday as investors continued to worry about debt in parts of Europe and also about the US economy as negotiations continued between Republicans and Democrats over whether to raise the US debt limit. June gold was up $13.70 to $1,516.90 per troy ounce at the end of floor trade in New [...]
Copper drops 12 cents per pound in New York trade
by Elaine Frei
The price of copper was down Wednesday on new data that outweighed concerns about tight supplies. July contracts for copper were down 12 cents to $4.13 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing dropped $226 to $9,124 per tonne on the London Metal Exchange even [...]
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 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 [...]
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 [...]