June 13, 2007

Metal Prices Decline In Morning Trading

Metal prices declined on Wednesday morning in U.S. trading. Gold touched a two-month low on demand concerns in China. Silver, palladium, platinum and copper also fell.

Gold prices were down slightly. Gold for June delivery was at $647.80, down 70 cents. It touched as low as $644.30, its lowest level in more than two months.

Silver slipped to a four-week low on Wednesday. July-dated silver was at $13.025, down 6.5 cents. It has been trending down for a week.

Copper also dropped in U.S. trading. June-dated copper was at $3.256, down 3.15 cents on the session. It is trading near a two-week low.

Palladium was down on Wednesday morning. September-dated palladium was at $366.80, down $4.35 on the session. It has been level for about two weeks.

Platinum declined on Wednesday morning and reached a two-week low. July-dated platinum was at $1,282.00, down $14.40.

Source : www.nasdaq.com

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