Aluminium
Investors sell precious metals, prices drop
by Elaine Frei
Prices of precious metals plummeted on Thursday as investors were forced to sell their metals in order to raise cash amid falling equities markets and a growing credit crisis.
December gold dropped $21.70 in New York to $658 per troy ounce, its biggest one-day percentage loss since the beginning of October 2006.
September silver prices fell $1.06 [...]
Metals prices fall on economy concerns
by Elaine Frei
Metals prices were lower on Tuesday after the US dollar gained ground on the euro as the European Central Bank injected money into the banking system for the fourth session in a row.
December gold was $1.20 lower to $678.70 per troy ounce in New York as analysts said that the market for the precious metal [...]
Gold down 70 cents
by Elaine Frei
Precious metals prices were mixed on Monday.
Among precious metals, December gold dropped 70 cents on the session to $680.90 per troy ounce in New York trade, while September silver was 2 cents lower to $12.86 per troy ounce.
October platinum, on the other hand, was $7.80 higher to $1,287.10 per troy ounce in New York.
September palladium [...]
Gold higher, seen as safe haven
by Elaine Frei
Prices on most precious metals were higher on Friday as investors looked for safe places to put their money as the news didn’t seem to get any better concerning the chaos in the US subprime mortgage market.
As equities markets dropped all over the world, December gold added $8.80 in New York to $681.60 per troy [...]
Gold prices decline, inventories fall
by Elaine Frei
Precious metals prices were mixed on Monday.
Gold closed the session in New York with a decline of $1.10 to $683.30 per troy ounce as crude oil prices dropped and the dollar was unsettled ahead of this week’s decision on interest rates from the US Federal Reserve.
Inventories of gold were down 398 troy ounces to 7.15 [...]
Palladium declines by $2
by Elaine Frei
Precious metals prices were higher in New York on Thursday.
December gold added 70 cents to $676 per troy ounce in early afternoon trade on the Comex division of the New York Mercantile Exchange, bringing its price gain to 6 percent so far this year.
September silver was also higher, gaining 4 cents to $13 per troy [...]
Gold drops with equities markets
by Elaine Frei
Precious metals prices were mostly lower in New York on Wednesday, with December gold down $3.40 to $675.90 per troy ounce in early afternoon trade.
The decline came on worries that the falling equities markets could mean less demand for gold.
September silver was also lower, dropping 6 cents to $12.96 per troy ounce.
October platinum was substantially [...]
Gold lower again
by Elaine Frei
Prices for precious metals were down again on Tuesday.
In early afternoon trade in New York, August gold had dropped 40 cents to $665.90 per troy ounce as investors bet that the euro will not strengthen any more versus the US dollar after the shared currency traded even against the greenback during the day.
At the same [...]
Precious metals see declnes
by Elaine Frei
Precious metals prices were lower in early afternoon trade in New York on Monday.
August gold dropped $1 to trade at $666.30 per troy ounce, while September silver was 5 cents lower to $13.07 per troy ounce.
October platinum was down 40 cents to $1,327.10 per troy ounce, but some analysts expect that it will go higher [...]
Gold and silver decline on day, gain on week
by Elaine Frei
Prices for precious metals were lower on the day Friday in New York.
Gold closed at $667.30 per troy ounce, a decline of $1 on the session.
However, it still managed a gain of 1.9 percent over the week.
Some analysts predicted that gold would fall to around $640 per troy ounce in the coming month, a steeper [...]
Base metals prices higher in London
by Brian Turner
Metals prices were mixed on Wednesday. Base metals saw gains in London, while most precious metals were lower in New York. Copper was 0.1 percent higher to $7,375 per tonne as some strikes continued in Latin America and more were threatened. Also helping prices rise was the news that copper demand exceeded [...]
Copper, zinc and nickel prices decline on session
by Brian Turner
Prices on base metals were mixed on Tuesday. Gains came for aluminium and lead, while copper, zinc and nickel saw declines. Aluminium gained slightly to trade at $7,206 per tonne.
The move by China to eliminate tax rebates on aluminium products beginning on 1 July is said by analysts to be a [...]
Precious metals gain; most base metals up as well
by Brian Turner
Metals prices were mostly higher on Monday. In midday trade in New York June gold gained $2.10 to $673.30 per troy ounce on the New York Mercantile Exchange. August gold in New York was up $2.40 to $679.30 per troy ounce. Also in New York, July silver was 8 cents higher to [...]
Metals prices end week higher
by Brian Turner
Precious metals prices were higher on Friday, helped by an announcement that the European Central Bank does not plan to sell any more bullion this year. Gold added 2 percent to $668.10 per troy ounce in London, while June contracts closed $10.20 higher to $671.20 per troy ounce on the New York Mercantile Exchange. [...]
Most precious metals prices higher on session
by Brian Turner
The prices of most precious metals were higher on Monday. June Gold added $1.80 to $663.70 per troy ounce. However a new report form the World Gold Council said that investment demand was lower in the first quarter and analysts were prediction that prices might well drop further.
June palladium was also higher, adding [...]
Gold prices down $16 in two days
by Brian Turner
June gold was down again on Thursday on the New York Mercantile Exchange, dropping $4.30 to $657.20 per troy ounce and bringing its two-day decline to almost $16. Analysts said that the declines were due to technical issues rather than in reaction to any substantial news.
In other precious metals, July silver was 4.7 cents [...]
Precious metals prices see declines
by Brian Turner
Gold futures were lower in US trade Wednesday, with June contracts down $4.90 to $682.50 per troy ounce after having traded in a range from $677.50 to $688.90. Spot gold was quoted at $679.50/$680.00 per troy ounce, lower than Tuesday’s late quote of $684.30/$685.80 per troy ounce in New York, while the afternoon fix [...]
Platinum, gold prices decline
by Brian Turner
Gold prices fell again on Wednesday, for the third day in a row. Shortly after noon in New York, the precious metal was 20 cents lower to $687.50 per troy ounce for June contracts. Analysts said that the price of gold could go either way under current conditions, up or down depending on [...]
Copper, nickel prices gain on session
by Brian Turner
Metals prices were mixed on Monday, with gold falling 0.3 percent to $689.10 per troy ounce. Palladium was lower as well as it dropped 0.5 percent to $380 per troy ounce. Platinum, however, was 1.5 percent higher on the session to $1,315 per troy ounce after going as high as $1,330 per troy [...]
Price of gold jumps $10 per ounce on session
by Brian Turner
The price of gold added $10.20 on Friday to $689.90 per troy ounce after June contracts went as high as $690.50 per troy ounce earlier in the day. Spot gold was at $684.30/$684.80 per troy ounce, much higher than Thursday’s late quote. The afternoon fix in London was at $681.75. Gold prices [...]