Gold spot prices slipped $3.51 (U.S.) to $913.25 in quiet trading yesterday amid a higher greenback, which puts pressure on gold prices, and a decline in stocks. Other commodities were mixed. The Reuters-Jefferies CRB index slipped 0.63.
CLOSING PRICES (SPOT)
Gold US$/troy ounce 913.25 -2.75
Silver US$/troy ounce 13.94 -0.05
Copper US$/lb 2.06 -0.06
Lead US$/lb 0.64 -0.02
Zinc US$/lb 0.69 -0.01
Aluminum US$/lb 0.68 0.00
Nickel US$/lb 5.83 -0.08
Oil West Texas US$/bbl 58.50 -0.13
Nat Gas Henry Hub US$ mmbtu 4.24 0.08
Nat.Gas AECO C C$/gigajoule 3.91 0.16
China's FeCr prices narrow as mills increase buying May 05/09
China's domestic ferro-chrome prices narrowed to 6000-6300 yuan ($880-924) per tonne this week as steel mills increased buying on tight spot supply and higher import ...
Iron ore prices rise to $65-66 on better Chinese steel prices
Shanghai 08 May 2009 05:23
Indian iron ore fines prices rose by around $1 this week as steel prices in China and freight rates both rose. Prices for 63.5% Fe content Indian iron ore fines moved up to $65-66 per tonne cfr Chinese ports. Bookings increased, especially in the later half of the week, and more business was concluded for medium to high-grade Indian fines than in previous weeks, said market participants. India-China freight rates rose to an average of $12.37 per tonne yesterday from $11.43 per tonne last Friday, according to Custeel.com. Freight charges from Brazil and Australia also climbed $4...
