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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 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 [...]
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 [...]
Copper prices lower on stronger dollar, US recovery concerns
by Elaine Frei
Copper prices fell Wednesday in London as the US dollar strengthened, investors worried about the US economy and new data showed a surplus of the metal used in construction and manufacturing in the first four month of the year. September copper held even at $4.11 per pound in New York trade, but three-month contracts dropped [...]
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 [...]
Gold ends week slightly higher in New York
by Elaine Frei
August gold was up $9.70 to $1,542.40 per troy ounce Friday in New York trade, bringing its gains this week to 0.3 percent, helped by safe-haven buying after the US Labor Departemnt reported that th US economy added just 54,000 jobs in May, many fewer than expected, and that the unemployemnt rate was up to [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]