Aluminium
Gold, silver, other precious metals higher in New York trade
by Elaine Frei
Prices for both precious and base metals were higher Thursday, with December contracts for gold adding $16.10 to $1,353 per troy ounce in New York as the US dollar weakened. December silver was up 5.2 percent on the session, adding $1.32 to $26.83 per troy ounce as analysts predicted that silver will trade above $30 [...]
Gold, platinum decline as silver, palladium see gains
by Elaine Frei
December gold ended the floor trade session in New York Wednesday with a decline of $1.50 to $1,336.90 per troy ounce as some investors chose to liquidate their holdings as a deadline approached for a decision on whether to take delivery of their contracts, get out of their contracts altogether or roll their investments over [...]
Copper prices see gains
by Elaine Frei
Copper prices were a bit higher Monday but other base metals declined in London trade Monday. In the case of copper, supply worries overcame concerns over the prospect of more tightening of monetary policy in China and early declines that came as the US dollar strengthened versus the euro. Prices for copper were supported as [...]
Gold closes above $1,410 per ounce in New York trade
by Elaine Frei
Precious metals prices were higher in New York Tuesday, with December contracts for gold finding another new record closing high on concerns that US stimulus measures will create inflation and on renewed worries about Europe’s debt problems. December gold added $6.90 to $1,410.10 per troy ounce in New York trade, while December silver was up [...]
Gold closes above $1,400 per tonne in new record
by Elaine Frei
December gold hit yet another record high Monday as it ended the floor trade session on the Comex in New York with a gain of $5.50 to reach $1,403.20 per troy ounce after going even higher during the session, with investors seeking out safe places to put their cash to protect it from the inflation [...]
Gold hits another new record high near $1,400 per ounce
by Elaine Frei
Precious metals prices were higher in New York trade Friday, with gold reaching yet another record high close as it added 2.9 percent for the week as investors put their money in safe places after the US Federal Reserve announced earlier in the week that it will buy $600 billion in Treasury bonds by next [...]
Gold in new record high above $1,380 per ounce in New York
by Elaine Frei
Metals prices were higher Thursday, with gold hitting a new record high in New York as the US dollar weakened after yesterday’s announcement by the Federal Reserve that it will buy $600 billion worth of Treasury bonds in an attempt to stimulate the US economy. December gold added $45.50 to a new record price of [...]
Gold gains on elections, Fed meeting
by Elaine Frei
December gold added $2.40 to $1,353.20 per troy ounce on the Comex on Tuesday as investors awaited the outcome of elections in the United States and were anticipating what the Federal Reserve will do about stimulating the US economy as it meets today and tomorrow. Investors were also waiting for a private report on unemployment [...]
Copper prices jump on China, US factory output
by Elaine Frei
Copper prices were higher Monday on new manufacturing data from the United States and China, although gains were limited when the US dollar strengthened on the factory output figures. In China, the Federation of Logistics & Planning’s purchasing managers index rose from 53.8 in September to 54.7 in October, while in the US the Institute [...]
Gold, copper both gain in New York on weaker dollar
by Elaine Frei
Precious metals prices were higher Thursday in New York trade as a weaker US dollar made them more attractive as investments for those looking for safer places to put their cash. December gold was up $19.40 to $1,342.10 per troy ounce at the close of floor trade, while December silver added 51 cents to $23.91 [...]
Palladium at ten-year high on proposed new emissions rules in US
by Elaine Frei
December contracts for palladium reached a ten-year high Tuesday, closing trade in New York up $16.65 to $625.45 per troy ounce, while January platinum added $7 to $1,704 per troy ounce after the United States government announced more stringent rules on vehicle emissions for trucks, buses and similar heavy vehicles. The rules, which are expected [...]
Gold prices unsettled as G20 finance ministers meet
by Elaine Frei
December gold was down 80 cents to $1,324.70 per troy ounce in afternoon trade on the Comex in New York as investors waited to hear what finance ministers from the G20 nations, in South Korea for a meeting, have to say about global currencies. Gold prices were also pushed lower by a slightly stronger US [...]
Gold prices lower on profit taking, stronger dollar
by Elaine Frei
The price of gold fell Thursday as the US dollar strengthened, as investors took profits after recent gains, and as corporate earnings reports convinced investors to return to equities markets. December gold was $18.60 lower at the close of floor trade to $1,325.60 per troy ounce in New York trade, bringing it to $52 lower [...]
Gold prices pull back on stronger dollar, Bernanke comments
by Elaine Frei
The price of gold retreated Friday as the US dollar strengthened, as some investors took profits after recent gains, and after Federal Reserve Chairman Ben Bernanke said there is a case for more easing of monetary policy in the United States, taken by many analysts and investors as an implication that the Fed will take [...]
Gold closes at another record in New York trade
by Elaine Frei
The price of gold hit another closing high Monday in subdued trade, with the US observing the Columbus Day holiday although most markets remained open. December gold closed up $9.10 to $1,354.40 per troy ounce on the Comex division of the New York Mercantile Exchange after going as high as $1,356.30 per troy ounce earlier. [...]
Gold prices in slight decline
by Elaine Frei
The price of gold was down slightly in New York trade on Monday, with December contracts dropping $1 to $1,316.80 per troy ounce as the US dollar strengthened versus the euro on a report of higher unemployment in Spain. December silver was also slightly lower, falling 2 cents to $22.04 per troy ounce in New [...]
Gold heads above $1,315 per ounce in New York trade
by Elaine Frei
Gold traded at record-high levels again Friday in New York as the US dollar weakened and new data showed that US manufacturing activity slowed in September. December contracts for gold traded up $7.30 to $1,316.90 per troy ounce at nearly 1 p.m. local time in New York after going as high as $1,322 per troy [...]
Gold prices drop slightly on data
by Elaine Frei
Gold prices declined Thursday after the Chicago Purchasing Managers Index was up in September against an expected decline, indicating that factory activity expanded in the region during the month December contracts for gold were down $1.40 to $1,308.90 per troy ounce in New York trade after going as high as $1,317.50 per troy ounce earlier [...]
Gold closes above $1,300 per tonne for first time
by Elaine Frei
Gold prices were up again Tuesday to hit another new record, its eighth close at a record in the past nine trading session, as the US dollar weakened. December gold added $9.70 to $1,308.30 per troy ounce in New York trade, the first time it has closed above $1,300 per troy ounce, sending some analysts [...]
Gold gains a little more in New York trade
by Elaine Frei
Gold prices inched upward to a new record high in New York trade on Monday, with December contracts closing up 50 cents to $1,298.70 per troy ounce after going as high as $1,301.30 per troy ounce earlier in the session on the Comex division of the New York Mercantile Exchange. While gold seems to be [...]