Aluminium
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 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 [...]
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 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 follow oil lower
by Elaine Frei
Metals prices followed oil lower Thursday, with August gold falling $32.90 to $1,520.50 per troy ounce, a decline of 2.1 percent as the US dollar strengthened. Oil was lower on an announcement from the International Energy Agency that it will release 60 million barrels to world markets from its reserves, 30 million barrels of which [...]
Copper prices down on Greece, China concerns
by Elaine Frei
Copper prices fell Monday as investors worried about economic issues in more than one part of the world and on word that an earthquake in a key production area had not interrupted mining activities. July copper was down 3 cents to $4.07 per pound in New York trade, while three-month contracts were down $90 to [...]
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, other precious and base metals see declines
by Elaine Frei
Metals prices were lower Monday, with August contracts for gold dropping $13.60 to $1,515.60 per troy ounce in New York trade, while silver ended the floor trade session down $1.59 to $34.74 per troy ounce. The declines for gold came as investors worried more about a slowing global economy than they did about inflation, but [...]
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 gains after late-day decline on US dollar
by Elaine Frei
June gold ended $2 higher at $1,455.60 per troy ounce in New York trade on Wednesday after a decline late in the session after the US dollar strengthened. Despite fairly large declines the past couple of days for gold, a metals analyst for the London based GFMS metals consultancy predicted that gold prices will rise [...]
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. [...]
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 [...]
Demand worries take copper prices lower
by Elaine Frei
Base metals prices were lower Monday, with copper seeing declines in both New York and London trade on lack of demand in China, and on concerns that Japanese carmakers will have to shut plants in China due to a shortage of parts related to the 11 March earthquake and tsunami. Large amounts of copper are [...]
Copper prices up slightly on hopes for long-term demand gains
by Elaine Frei
Copper prices were up slightly Monday, helped a bit by anticipated demand gains in the longer term when Japan begins to rebuild in the wake of the earthquake and tsunami that struck the Asian nation Friday. May copper added less than a cent to $4.19 per pound in New York trade, while three-month contracts were [...]
Gold down $7 in New York
by Elaine Frei
Precious metals prices were lower in New York trade Tuesday. April contracts for gold ended the session down $7.30 to $1,427.20 per troy ounce on rumors that Libyan leader Muammar Qadaffi is attempting to negotiate his safe exit from the country after he resigns from office. The reports were said to come from his opposition, [...]
Copper prices drop in New York, London
by Elaine Frei
The price of copper fell again Wednesday as concerns continued that civil unrest in North Africa and the Middle East and the resulting rise in oil prices will hurt economic recovery globally and cut demand for copper and industrial metals. Libyan leader Muammar Qadaffi insisted once again that he will not step down as leader [...]