Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 21st of August 2014
Friday, August 5, 2011

Gold ends session lower in New York, but gains on week

Gold ends session lower in New York, but gains on week

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 [...]


Thursday, August 4, 2011

Gold prices retreat after setting new intraday high

Gold prices retreat after setting new intraday high

Gold prices were lower Thursday at the close of trade, droppoing $7.30 from Wednesday’s close to $1,659 per troy ounce, but not before it set a new intraday high at $1,684.90 per troy ounce and traded as low as $1,642.20 per troy ounce during the session. The decline came as equities markets dropped, making some [...]


Wednesday, August 3, 2011

Gold closes at $1,666 per ounce in New York trade

Gold closes at $1,666 per ounce in New York trade

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 [...]


Tuesday, August 2, 2011

Gold prices at new records on disappointing US data

Gold prices at new records on disappointing US data

Gold prices hit new highs Tuesday in New York trade after the US Commerce Department reported that consumer spending in the United States was down by 0.2 percent in June against an expected gain of 0.1 percent, the first decline in nearly two years, while personal income was up by just 0.1 percent, the smallest [...]


Monday, August 1, 2011

Gold prices lower but comes off session lows on manufacturing data

Gold prices lower but comes off session lows on manufacturing data

The price of gold dropped in New York trade on Monday, with December contracts down $9.50 at the close of floor trade to $1,621.70 per troy ounce after going as low as $1,608.20 per troy ounce earlier in the session. Gold came off lows after new manufacturing data from the Institute for Supply Management, which [...]


Friday, July 29, 2011

Gold sets new intraday, closing highs to end trading week in New York

Gold sets new intraday, closing highs to end trading week in New York

Gold prices set new record intraday and closing prices Friday as investors looked for safe places to put their cash after a vote on raising the debt ceiling in the US was postponed Thursday after it became clear that the Republican plan did not have the votes to pass. December gold added $15 to close [...]


Thursday, July 28, 2011

Copper rises; precious metals prices see declines

Copper rises; precious metals prices see declines

December gold dropped $1.20 Thursday to trade at $1,616.10 per troy ounce at the close of floor trade in New York after alternating between gains and losses during the session as different factors pushed prices in different directions. The ongoing concerns about the debt ceiling debate in the United States tended to push prices higher, [...]


Wednesday, July 27, 2011

Gold prices drop on profit-taking, stronger US dollar

Gold prices drop on profit-taking, stronger US dollar

Gold broke a series of gains to record highs, with August contracts down $1.70 to $1,615.10 per troy ounce Wednesday after trading in a range between $1,613 per troy ounce and $1,628 per troy ounce during the session, while December contracts were down $2 to $1,617.30 per troy ounce after going as high as $1,631.20 [...]


Tuesday, July 26, 2011

$1,616.80 per troy ounce: Another record high for gold

$1,616.80 per troy ounce: Another record high for gold

Gold prices hit another new high Tuesday as investors looked for safe places to put their cash as US lawmakers continued to be unable or unwilling to come to an agreement to raise the debt ceiling there in order for the United States to be able to keep paying its bills. August gold was up [...]


Monday, July 25, 2011

Gold trades as high as $1,624.30 per ounce in New York

Gold trades as high as $1,624.30 per ounce in New York

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 [...]


Friday, July 22, 2011

Gold gains on continuing debt concerns

Story link: Gold gains on continuing debt concerns
by Elaine Frei
Gold gains on continuing debt concerns

Gold prices were higher in New York Friday as investors worried about the inability of US legislators to come to an agreement on raising the debt ceiling there and on doubts about how effective a new plan to rescue Greece from its debt crisis will be. August gold added $14.50 to $1,601.50 per troy ounce [...]


Thursday, July 21, 2011

Gold, silver prices lower; platinum and palladium see gains

Gold, silver prices lower; platinum and palladium see gains

Precious metals prices were mixed Thursday as gold and silver declined but platinum and palladium both saw prices go higher. August gold was down $9.90 to $1,587 per troy ounce in New York trade as European Union leaders agreed to a plan that is designed to contain the regions’ debt crisis, which reduced safe-haven buying [...]


Wednesday, July 20, 2011

Gold retreats, ends below $1,600 per ounce in New York trade

Gold retreats, ends below $1,600 per ounce in New York trade

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 [...]


Tuesday, July 19, 2011

Copper prices higher; gold declines slightly in New York trade

Copper prices higher; gold declines slightly in New York trade

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 [...]


Monday, July 18, 2011

Gold in new intraday, closing records in New York

Gold in new intraday, closing records in New York

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 [...]


Friday, July 15, 2011

Gold sees slight gain, closes at another new high

Gold sees slight gain, closes at another new high

Precious metals prices were mixed Friday as gold edged up but set another new record closing high, but platinum and palladium both closed lower on the session. August gold was up 80 cents to $1,590.10 per troy ounce in New York trade, and was up $107.50 per troy ounce since July 1, with the US [...]


Thursday, July 14, 2011

Gold closes higher again, closes in on $2,000 per ounce

Gold closes higher again, closes in on $2,000 per ounce

Gold prices were higher again in New York trade Thursday, rising to another record high at the close on concerns about the inability of legislators to reach an agreement about the debt ceiling in the United States and on more testimony before a congressional committee from US Federal Reserve Chairman Ben Bernanke. August gold ended [...]


Wednesday, July 13, 2011

Gold closes at $1,585.50 per ounce, a new record

Gold closes at $1,585.50 per ounce, a new record

The price of gold was higher in New York trade Wednesday, closing at a record high after the US dollar weakened and investors looked for safe places to put their cash. August gold added $23.20 to $1,585.50 per troy ounce, a new record clse, as investors continued to be concerned about the European debt crisis [...]


Tuesday, July 12, 2011

Gold adds $13 in New York, rises to new closing record

Gold adds $13 in New York, rises to new closing record

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 [...]


Friday, July 8, 2011

Gold gains, copper declines on US jobs data

Gold gains, copper declines on US jobs data

Gold prices were higher Friday, with August contracts up 11 to $1,541.60 per troy ounce after going as high as $1,546 per troy ounce earlier in the session, with investors looking for safe places to put their money after new jobs data from the US Labor Department indicated that the US economy is not recovering [...]