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Gold, silver advance as platinum, palladium prices drop
by Elaine Frei
Precious metals prices were mixed Wednesday in New York after the dollar weakened again and crude oil set new prices records.
August gold added $2 to $946.50 per troy ounce while September silver gained 14 cents to $18.43 per troy ounce, but October platinum dropped $11.70 to $2,077 per troy ounce and palladium fell $2.05 to […]
Precious metals prices see gains
by Elaine Frei
Metals prices were higher Tuesday as the US dollar declined slightly in relation to the euro and yen in afternoon trade in New York.
October platinum was $16.70 higher to $2,088.70 per troy ounce on concerns about the effect of a smelter closure in South Africa on supply and on plans for upcoming strikes, also in […]
Metals prices fall with crude oil prices
by Elaine Frei
Precious metals prices were lower in afternoon trade in New York on Thursday after the dollar gained on the euro and the yen and oil prices were down by more than $4 per barrel as demand for metals as an investment declined.
August gold traded $24 lower to $881 per troy ounce while July silver was […]
Precious metals prices lower on stronger dollar, cheaper oil
by Elaine Frei
Precious metals prices were lower on Tuesday as the US dollar strengthened and oil prices dropped, reducing the demand for metals as a safe place to invest money in the face of inflation concerns.
At shortly before the close of floor trade in New York, June gold was down $19.20 to $906.60 per troy ounce while […]
Precious metals prices mixed on session
by Elaine Frei
Precious metals prices were mixed Monday as gold and silver saw gains but platinum and palladium declined.
June gold added $1.60 to $928.60 per troy ounce in New York while May silver was up 10 cents to $17.79 per troy ounce.
Both were higher after the US dollar again declined in relation to the euro.
On the other […]
Gold gains almost $14 on New York session
by Elaine Frei
Precious metals prices were higher on Monday on worries about more declines for the US dollar and on rising food and fuel prices.
Gold and silver were pushed up as higher prices for food and fuel sent investors looking for hedges against inflation.
June gold added $13.80 in New York to $927 per troy ounce while silver […]
Metals prices mixed on session
by Elaine Frei
Metals prices were mixed but mostly higher on Wednesday.
Gold saw gains on speculation that recent gains for the US dollar will not hold and that the Federal Reserve will cut US interest rates again soon.
June gold added $11.70 to $899.50 per troy ounce in New York, while May silver gained 30 cents to $17.19 per […]
Precious metals decline on strong dollar, credit market hopes
by Elaine Frei
Precious metals prices were substantially lower on Tuesday on a stronger dollar and as investors hoped that the credit crisis might be coming to an end.
Gains also came on a rally in equities markets in New York.
June gold dropped $33.90 to $887.60 per troy once, the first time gold had been below $900 per troy […]
Metals prices see gains
by Elaine Frei
Metals prices were higher on Thursday as investors sought out commodities as a hedge against inflation.
April gold added $11 to $948.80 per troy ounce in New York after going as high as $958.40 per troy ounce earlier in the session.
An early-morning 6.3 magnitude earthquake in a major gold mining region in Nevada caused significant damage […]
Platinum prices set another record
by Elaine Frei
Precious metals prices saw gains on Friday, with platinum setting yet another record.
April platinum was trading $32.60 higher at $1,884 per troy ounce in New York shortly before the end of floor trade.
The new record came on concerns that production will decline in South Africa and Russia, and on predictions that the price of platinum […]
Platinum adds nearly $50 per ounce on session
by Elaine Frei
Platinum and gold touched new record highs on Monday in New York as the US dollar dropped again versus the euro and worries about supplies of platinum from South Africa continued as mines remained closed due to a shortage of electricity.
April platinum added $48.60 to $1,728.70 per troy ounce in New York after going as […]
Precious, base metals prices down in London
by Elaine Frei
With floor trade in New York closed due to observance of the Martin Luther King Day holiday in the United States, precious metals were lower in London on Monday as the US dollar strengthened.
At 5 p.m. in London, gold was $19.93 lower to $863.24 per troy ounce, while silver for immediate delivery was 58 cents […]
Precious metals mixed; copper gains on inventories
by Elaine Frei
Metals prices were mixed again on Friday.
Gold and silver both saw gains in New York on the possibility that a recession in the United States could benefit demand.
February gold was up $1.20 to $881.70 per troy ounce near the close of floor trade on the Comex division of the New York Mercantile Exchange, while March […]
Gold up on day; adds $32 on week
by Elaine Frei
Gold prices were up for the fourth day in a row in New York on Friday.
February gold added $4.10 to $897.70 per troy ounce after going as high as $900.10 per troy ounce during the morning session.
The metal, which was up on a weaker dollar and the chances that the US Federal Reserve will cut […]
Metals prices decline on profit-taking, data
by Elaine Frei
Gold prices were lower in New York on Friday as investors took profits after the recent rally, as well as on worries created by new employment data and new declines in the US dollar.
February contracts for gold on the Comex division of the New York Mercantile Exchange dropped $3.40 to $865.70 per troy ounce, while […]
New York gold gains on mixed day for metals
by Elaine Frei
Precious metals prices were mixed in New York on Thursday.
February gold added $2.20 to $831.70 per troy ounce as energy prices climbed, the dollar weakened in relation to the euro, and news came that Pakistan opposition leader Benazir Bhutto had been assassinated after speaking to a rally there.
March palladium was also higher, gaining 5 cents […]
Metals prices mixed in New York
by Elaine Frei
Precious metals prices were mixed Monday as New York markets closed early for Christmas Eve.
February gold added $1.10 to $816.50 per troy ounce after going as high as $819.70 earlier in electronic trade.
March silver was also higher, up 17 cents to $14.66 per troy ounce, while March palladium was $2.25 higher to $363.40 per troy […]
Platinum declines on China demand worries
by Elaine Frei
Precious metals prices were mixed in New York on Thursday.
January platinum dropped $6.30 to $1,517.50 per troy ounce after China’s central bank raised interest rates there, causing concerns that demand from that Asian nation will decline.
March contracts for palladium was also lower, dropping $2.90 to $358.20 per troy ounce, but it was still up 5.8 […]
Most precious metals gain on session
by Elaine Frei
Precious metals prices were mostly higher on Monday as gold, platinum and palladium all gained and silver held steady.
February gold was slightly higher, adding $1 to $799 per troy ounce after the dollar strengthened in relation to the euro.
Some analysts don’t believe that gold prices will decline too much because they see any price below […]
Precious, base metals prices decline
by Elaine Frei
Precious metals prices were lower in New York on Thursday after the US dollar strengthened against the euro and the pound.
The dollar gained on reports showing that both retail sales and producer prices were up more than had been expected in November.
February gold dropped $14.80 to $804 per troy ounce on the Comex division of […]