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 prices retreat after setting new intraday high
by Elaine Frei
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 [...]
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 prices at new records on disappointing US data
by Elaine Frei
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 [...]
Gold prices lower but comes off session lows on manufacturing data
by Elaine Frei
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 [...]
Gold sets new intraday, closing highs to end trading week in New York
by Elaine Frei
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 [...]
Copper rises; precious metals prices see declines
by Elaine Frei
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, [...]
Gold prices drop on profit-taking, stronger US dollar
by Elaine Frei
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 [...]
$1,616.80 per troy ounce: Another record high for gold
by Elaine Frei
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 [...]
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 gains on continuing debt concerns
by Elaine Frei
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 [...]
Gold, silver prices lower; platinum and palladium see gains
by Elaine Frei
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 [...]
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 sees slight gain, closes at another new high
by Elaine Frei
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 [...]
Gold closes higher again, closes in on $2,000 per ounce
by Elaine Frei
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 [...]
Gold closes at $1,585.50 per ounce, a new record
by Elaine Frei
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 [...]
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 [...]
Gold gains, copper declines on US jobs data
by Elaine Frei
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 [...]