Copper rallied to touch a fresh one-week high yesterday, as a sharp slide in the U.S. dollar and upbeat sentiment powered prices higher despite poor U.S and Japanese economic data. Copper for July delivery settled at $2.1065 (U.S.) a pound, up 3.7 cents in New York.
CLOSING PRICES (SPOT)
Gold US$/troy ounce 937.70 12.45
Silver US$/troy ounce 14.27 0.07
Copper US$/lb 2.10 0.05
Lead US$/lb 0.66 -0.01
Zinc US$/lb 0.68 0.00
Aluminum US$/lb 0.66 0.00
Nickel US$/lb 5.71 0.09
Oil West Texas US$/bbl 61.44 1.79
Nat Gas Henry Hub US$ mmbtu 3.75 -0.23
Nat.Gas AECO C C$/gigajoule 3.70 -0.27
Platinum to average $950-1,350 per oz in next six months, says Johnson Matthey
London 18 May 2009 13:00
Platinum prices will average between $950 and $1,350 per oz in the next six months, Johnson Matthey said on Monday, forecasting a smaller deficit for the precious metal in the same period.
“Johnson Matthey expects that supply and demand will be much more closely matched in 2009 than 2008 and that the price of platinum will be much less volatile,” it said as part of its platinum 2009 review.
An improvement in the economic climate could see prices rise as high as $1,350 and, even if demand does not return, physical buying in Asia will still keep prices above $950.
