Aluminium
Gold ends session lower in New York, but gains on week
by Elaine Frei
December gold dropped $7.20 to $1,651.80 per troy ounce Friday as prices for the precious metal fluctuated between gains and losses all session as investors continued to worry about the economic situation in the United States even though the Labor Department delivered good news on jobs. The Labor Department said that the US economy added [...]
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 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 [...]
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 [...]
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 [...]
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. [...]
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. [...]
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 [...]
Copper prices about even on uncertainty after Japan quake
by Elaine Frei
Copper prices were little-changed Friday as investors waited to see what effect the magnitude-8.9 earthquake that shook Japan in the afternoon local time would have on operations and demand, with some analysts saying that demand could decline in the immediate wake of the quake and tsunami that followed, but that demand could increase in the [...]