COMMODITIES - (Wednesdays Close) - Metal News - Charts
posted on
Aug 20, 2009 08:24AM
LONDON - Gold held near $945 (U.S.) an ounce in Europe on Thursday, up a touch from the previous session as the dollar's retreat from early highs against a basket of currencies boosted interest in the metal as an alternative asset.
"Platinum for the moment should find further support around the $1,220 level, with scaled-up resistance expected towards the June $1,297 high," said TheBullionDesk.com analyst James Moore.
"Palladium appears comfortable above the $264 level although the scale of recently added longs does leave the metal vulnerable to a deeper correction," he added.
LONDON - Higher equity markets and an upbeat outlook on metals demand from global miner Rio Tinto Ltd/Plc gave a boost to industrial metals on Thursday, with copper rising over 3 per cent.
SINGAPORE - Oil prices held above $72 Thursday after jumping the previous day on an unexpected fall in U.S. crude inventories.
CLOSING PRICES (SPOT)
Nickel US$/lb 8.54 0.02
Copper US$/lb 2.71 -0.05
Gold US$/troy ounce 942.50 4.50
Silver US$/troy ounce 13.80 -0.17
Lead US$/lb 0.81 0.00
Zinc US$/lb 0.81 0.01
Aluminum US$/lb 0.87 -0.03
Oil West Texas US$/bbl 71.97 2.64
Nat Gas Henry Hub US$ mmbtu 3.02 -0.09
Nat.Gas AECO C C$/gigajoule 2.67 0.00
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24 Hour Base Metals |
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