Aluminium
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 [...]
Most precious metals decline, gold sees gains
by Elaine Frei
Gold prices were higher Wednesday, but other metals prices were lower after equities markets declined and the US issued disappointing data on jobs and manufacturing. August gold was up $6.40 to $1.543.20 per troy ounce in New York trade as the dollar weakened, equities markets saw significant declines and the US was reported to have [...]
Gold prices drop as other precious metals see gains
by Elaine Frei
Most precious metals prices saw gains Tuesday, but gold was slightly lower, with August contracts in New York dropping 50 cents to trade at $1,536.80 per troy ounce at the close of floor trade, ending the month 1.2 percent lower than it began. Gold prices were hurt as fewer investors felt compelled to look for [...]
Gold prices pushed up by debt worries, conflict in Middle East
by Elaine Frei
Metals prices were higher Friday, with August contracts for gold adding $13.60 to $1,537.30 per troy ounce as the US dollar weakened and as investors remained concerned about debt problems in Europe and worries revived over unrest in the Middle East and North Africa. More protesters were killed in Syria, while Yemen looked to be [...]
Most metals prices drop despite disappointing data
by Elaine Frei
Metals prices were mixed but mostly lower Thursday as not even concerns over new economic data from the United States and continuing worries about debt problems in Europe could send gold higher. August gold, the contract attracting the most interest in New York trade, was down $4.10 to $1,523.70 per troy ounce while June gold, [...]
Gold up on weaker dollar, expected demand in India
by Elaine Frei
Metals prices were higher again Wednesday as the US dollar weakened, investors worried about a decline in durable goods orders in the United States and concerns continued about debt problems in Greece and how those problems will influence the rest of the region. June gold added $3.40 to close at $1,526.70 per troy ounce in [...]
Gold gains on weaker dollar
by Elaine Frei
June contracts for gold were up $7.90 to $1,523.30 per troy ounce in New York trade as the US dollar weakened and on continuing concerns about debt problems in Europe as Fitch Ratings lowered it’s outlook on Belgium’s credit from “stable” to “negative” and Greece proposed more budget cuts and a speed-up of asset sales [...]
Gold gains, other metals prices decline on debt concerns
by Elaine Frei
Most metals prices were lower Monday on continuing concerns about debt problems in Europe that weakened the euro versus the US dollar, but gold prices were higher as investors looked for safe places to put their cash based on their worries. June gold added $6.50 to $1,515.40 per troy ounce in New York trade, but [...]
Metals prices rise on concerns over debt in Europe
by Elaine Frei
Metals prices were higher Friday despite a stronger US dollar as investors looked for safe places to put their cash as they continued to worry about debt problems in the Eurozone. June gold added $16.50 to $1,508.90 per troy ounce for a gain of 1 percent this week, while July silver was up 16 cents [...]
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 [...]
Gold, silver prices slide again on mixed day for metals
by Elaine Frei
Precious metals prices were mixed in New York trade on Tuesday as gold and silver declined but platinum and palladium both gained slightly on supplies news. June gold dropped $10.60 to $1,480 per troy ounce for its lowest close in New York in a month, while July silver was down 64 cents to $33.49 per [...]
Metals mixed as gold rises in New York, silver again declines
by Elaine Frei
Metals prices were mixed Thursday as some saw gains as the US dollar weakened, and despite concerns about what China will do going forward as inflation continues to rise there. June gold added $5.40 to $1,506.80 per troy ounce in New York trade, while July silver dropped 72 cents to $34.80 per troy ounce at [...]
Gold, silver, copper prices all head lower again
by Elaine Frei
Metals prices were lower Tuesday as investors’ appetite for safety was overcome by more expensive prices after the US dollar strengthened. June gold was down $15.50 to $1,401.40 per troy ounce, a decline of 1 percent, while July contracts for silver dropped 7.7 percent, or $2.97, to $35.52 per troy ounce in New York trade. [...]
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 [...]
Gold, silver prices rise after losses last week
by Elaine Frei
Metals prices were higher Monday after last week’s declines, rising as the US dollar weakened, there was more political and sectarian violence in the Middle East and North Africa, and worries about debt problems saw renewed life in Europe, all of which tended to send investors looking for safe places to put their cash. Standard [...]
Silver, gold prices drop dramatically in New York trade
by Elaine Frei
Precious metals prices fell significantly again Thursday after the CME Group (NAS: CME) again announced new margin requirements for silver trades, while according to reports the Shanghai Gold Exchange also raised margin requirements. CME Group announced two increases, one of which went into effect at the end of trade Thursday that takes the initial margin [...]
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 [...]
New York silver prices fall on increased margin requirements
by Elaine Frei
Prices for July silver were lower in New York trade on Tuesday after the CME Group (NAS: CME) raised the amount of money investors must put up to trade a futures contract. July silver dropped $3.50 to $42.59 per troy ounce, its biggest one-day drop in nearly two and a half years, and was as [...]
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 [...]