Aluminium
Gold prices gain as platinum declines
by Elaine Frei
Most precious metals prices rose Thursday while most base metals prices fell on the session.
August gold was up $10.50 to $904 per troy ounce in New York, while July silver added 13 cents to $17.47 per troy ounce but July platinum dropped $36.10 to $2,055.80 per troy ounce.
September copper was up 3 cents to $3.78 […]
Gold gains on rate speculation
by Elaine Frei
Most metals prices were higher Wednesday.
Gold and silver both saw gains on speculation that interest rates will not rise soon in the US due to signs, including continuing job losses and rising foreclosures, that the US economy is still slowing.
At the same time, rising inflation left investors looking for safe places to put their money.
August […]
Weaker dollar boots precious metals prices
by Elaine Frei
Precious metals prices were higher on Monday while base metals prices were mixed as the euro strengthened over the US dollar during the session.
August gold was up $13.20 around the close of floor trade in New York to $886.30 per troy ounce, while July silver jumped 67 cents to $17.23 per troy ounce and July […]
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 […]
Nickel prices drop $800 per tonne in London
by Elaine Frei
Base metals prices were lower on Wednesday.
Nickel prices fell in London, dropping $800 to $22,500 per tonne, a decline of 3.4 percent after the metal, used in the manufacture of stainless steel, was down by 3.3 percent on Tuesday.
A decline in London Metal Exchange stockpiles of 54 tonnes during the session did not offset worries […]
Most metals prices see gains
by Elaine Frei
Metals prices were mixed on Friday, with most precious and base metals higher but a few bucking trends and falling slightly.
Gold saw gains as investors looked for inflation-proof investments after crude oil prices remained high and the dollar weakened again in relation to the euro.
June gold was $7.40 higher to $925.70 per troy ounce near […]
Base metals prices down on inventories
by Elaine Frei
Base metals prices fell on Monday as inventories climbed for several of the metals used in industrial applications.
Zinc was down $77 to $2,288 per tonne as inventories climbed by 5,075 during the session and after it became clear that only a small amount of smelting capacity - about 300,000 tonnes, or about 1 percent of […]
Aluminium, zinc higher on China quake aftermath
by Elaine Frei
Prices for most base metals were higher on Thursday, with aluminium and zinc both rising on issues related to the aftermath of the earthquake in China earlier this week.
Three-month aluminium added $72 to $3,010 per tonne in London on the possibility that power shortages due to the earthquake could shut down smelters and interrupt supplies.
Additionally, […]
Platinum prices surge
by Elaine Frei
Metals prices were mixed Thursday, with precious metals prices up and base metals mostly on the decline.
June gold added $10.80 to $882 per troy ounce while July silver was up 27 cents to $16.96 per troy ounce and July platinum surged $73.30 to $2,042.30 per troy ounce.
Precious metals prices rose as the dollar weakened after […]
Copper gains as other metals prices decline
by Elaine Frei
Copper prices bucked a declining trend among metals, rising 3 cents to $3.91 per pound in New York and finishing the day even at $8,540 per tonne in London after going as low as $8,465 per tonne earlier in the session.
Prices were supported by a report from one Chilean mine that showed first quarter output […]
Weak dollar, IMF forecast help metals
by Elaine Frei
Metals prices followed crude oil higher on Wednesday as the dollar weakened again versus the euro and the International Monetary Fund predicted that the United States will see a recession this year.
The IMF forecast that the US economy would only grow by 0.5 percent this year and by just 0.6 percent next year, and that […]
Most metals prices see gains
by Elaine Frei
The price of gold climbed slightly on Friday, with June gold adding $3.90 to $913.50 per troy ounce after the US dollar weakened and oil prices saw gains, but it remained 2.7 percent lower on the week.
Other precious metals followed gold’s lead, with May silver up 28 cents to $17.76 per troy ounce while July […]
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 […]
Copper down $90 per tonne in London
by Elaine Frei
Base metals prices followed precious metals prices lower on the first day of the new quarter on profit-taking and a stronger US dollar.
May copper was down 2 cents to $3.81 per pound in New York while three-month copper dropped as low as $8,160 per tonne in London before ending $90 lower at $8,300 per tonne.
London […]
Base, precious metals see mixed results
by Elaine Frei
Base metals prices were mixed on Tuesday, with copper seeing gains before dropping to end the session.
May copper was up by nearly 7 cents per pound early in the session on supply worries that were amplified by a strike that stopped work at a mine in Papua New Guinea which produces about 1 percent of […]
Copper declines after record high in London
by Elaine Frei
Prices for base metals fell Thursday after early gains.
May copper dropped 8 cents to $3.90 per pound in New York after going as high as $4.02 per pound earlier in the session, while three-month copper dropped $130 to $8,560 per tonne in London after it soared to a new high at $8,820 per tonne earlier.
The […]
Base metals see gains on demand, inflation
by Elaine Frei
Base metals were higher on Wednesday on higher demand in emerging markets, increasing inflation, and a declining US dollar which hit a new low versus the euro during the day.
May copper was 6 cents higher to $3.83 per pound in New York while three-month copper added $125 to $8,400 per tonne in London as London […]
Most metals prices lower on session
by Elaine Frei
Most metals prices were lower Friday, with the silver the exception among precious metals and tin the gainer among base metals.
March silver added 9 cents to $18.04 per troy ounce in New York, while three-month tin gained $170 to close at $17,570 per tonne in London after going as high as $17,600 per tonne earlier […]
Precious, base metals see price gains
by Elaine Frei
Both precious and base metals prices saw advances on Wednesday.
April gold added had added $15.20 to $905.50 per troy ounce by just after the close of floor trade in New York, seeing a gain after recent declines as investor demand increased.
Analysts said that gold could be helped even more if the European Central Bank holds […]
Copper, other base metals see gains
by Elaine Frei
Base metals prices were higher Thursday.March copper added 7 cents to $3.30 per pound in New York while three-month copper on the London Metal Exchange was up $155 to $7,315 per tonne as there were reports that China’s second-largest producer will close over 40 percent of its smelting capacity until the middle of February due […]