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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 [...]
Gold prices gain on possible interest rate cut
by Elaine Frei
Precious metals prices were higher on Tuesday in New York trade, but copper declined on continuing worries about demand.
February gold added $12.90 on the session to close at $807.60 per troy ounce on the possibility, which has grown in the past week, that the US Federal Reserve could cut interest rates when it meets later [...]
Gold prices fall in New York trade
by Elaine Frei
Precious metals prices were lower in New York on Wednesday as the US dollar again gained on the euro and as crude oil prices fell sharply after a US weekly inventories report showed that crude stockpiles were down less than had been expected last week.
February gold dropped $14 by the end of floor trade on [...]
Precious metals lower in New York; base metals mixed
by Elaine Frei
Metals prices dropped in New York on Tuesday as crude oil prices fell, the dollar strengthened versus the euro and as investors worried about the health of the US economy.
December gold dropped $12.50 to $814 per troy ounce on reduced demand, while December silver fell 36 cents to $14.47 per troy ounce
January platinum was down [...]
Precious metals mixed
by Elaine Frei
Precious metals prices were mixed on Monday.
December gold added $1.80 to $826.50 per troy ounce after going as high as $832 per troy ounce during the session as the US dollar weakened yet again.
The gain for gold came on top of a $26 gain on Friday.
December silver was also higher as it added 10 cents [...]
Platinum up $27.80 on output forecast
by Elaine Frei
Precious metals prices were mixed on Friday after gold and palladium declined but silver and platinum saw gains.
January platinum added $27.80 to $1,453.20 per troy ounce in New York after Johannesburg-based Anglo Platinum, a subsidiary of Anglo American (LSE: AAL), reduced its output forecast for this year due to the shutdown of a shaft in [...]
Gold drops over $27 per ounce
by Elaine Frei
Precious metals prices fell substantially on Thursday after the US dollar showed gains in relation to the euro.
December gold was $27.40 lower at $787.30 per troy ounce and went as low as $784 per troy ounce earlier in the session.
Gold’s declines were also put to drops in the price of crude oil and to profit [...]
Gold closes below $800 level
by Elaine Frei
Precious metals prices were mixed Tuesday, with gold and sliver both down along with the price of crude oil but platinum and palladium seeing gains.
December gold dropped back below the $800 level to close at $799 per troy ounce, a decline of $8.70, while December silver fell 15 cents to $14.61 per troy ounce.
It was [...]
Significant decline in precious metals prices
by Elaine Frei
Precious metals prices plummeted Monday as the US dollar strengthened and investors took profits.
December gold dropped $27 in New York to close at $807.70 per troy ounce.
While gold fell 3.2 percent on the session for its biggest one-day decline in over a year, it remains 27 percent higher since the beginning of the year.
Silver for [...]
Precious metals prices mixed on session
by Elaine Frei
Gold prices fell in New York on Friday on the possibility that the euro’s recent rally could be coming to an end as the shared currency was little changed versus the US dollar.
December gold dropped $2.80 to $834.70 per troy ounce by the end of floor trade, but it still managed to gain 3.2 percent [...]
Gold gains as silver, platinum see declines
by Elaine Frei
Precious metals prices were mixed on Wednesday as gold climbed on more bad news for the dollar, but other metals were lower.
The US dollar touched yet another all-time low versus the euro after China said it will diversify its foreign exchange reserves toward stronger currencies.
Responding to the dollar’s weakness, December gold in New York went [...]
Platinum hits new high in New York
by Elaine Frei
Precious metals prices were higher on Tuesday, platinum reaching a new high and gold and silver both hitting long-term highs on the session.
The gains came as the euro reached another new high in relation to the US dollar.
January platinum added $17.20 to $1,483.70 per troy ounce in New York, the highest on record for a [...]