Aluminium
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 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 lower on stronger dollar, US recovery concerns
by Elaine Frei
Copper prices fell Wednesday in London as the US dollar strengthened, investors worried about the US economy and new data showed a surplus of the metal used in construction and manufacturing in the first four month of the year. September copper held even at $4.11 per pound in New York trade, but three-month contracts dropped [...]
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, silver prices return to gains
by Elaine Frei
Metals prices advanced Wednesdsay, following other commodities higher as crude oil again topped $100 per barrel in New York trade and corn added nearly 4 percent in Chicago on concerns about how the weathr will affect crops. June gold was up $15.80 to $1,495.80 per troy ounce and July silver was up $1.61 to $35.10 [...]
Gold closes at $1,531.20 in New York
by Elaine Frei
June gold set yet another set of record highs Thursday as the US dollar weakened and after separate reports showed that US unemployment claims were up last week and the nation’s economy did not grow as quickly in the first quarter of this year as it did in the last quarter of 2010. June gold [...]
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 [...]
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. [...]
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 [...]
Gold adds $15 to new closing high in New York
by Elaine Frei
May gold added $15 to $1,439.90 per troy ounce, a new record closing high that was nearly $1 higher than its previous record close, with gains coming as investors looked for safe places to put cash in the face of concerns about debt in the Eurozone and uncertainty over the outcome of political unrest in [...]
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 [...]
Gold down $7 in New York
by Elaine Frei
Precious metals prices were lower in New York trade Tuesday. April contracts for gold ended the session down $7.30 to $1,427.20 per troy ounce on rumors that Libyan leader Muammar Qadaffi is attempting to negotiate his safe exit from the country after he resigns from office. The reports were said to come from his opposition, [...]
Gold gains more as investors seek safety
by Elaine Frei
Gold prices were higher in New York Monday, with purchases driven by safe-haven buying as fears of more unrest in North Africa and the Middle East and of rising oil and gasoline prices frightened investors into looking for secure places to put their cash. April gold added $5.909 to $1,434.50 per troy ounce, below a [...]