Precious Metal
26/5/2014
Copper in Shanghai climbed for a third day to a 11-week high as stockpiles tracked by exchanges in London, Shanghai and New York slumped. Aluminum rose to the highest in four weeks.
Gold held below $1,300 an ounce as investors weighed the outlook for U.S. monetary stimulus against unrest in Ukraine. Assets in exchange-traded funds backed by platinum and palladium climbed to records.
Bullion for immediate delivery traded at $1,293 an ounce at 1:50 p.m. in Singapore from $1,292.61 on May 23, according to Bloomberg generic pricing. The metal decreased 0.1 percent on May 23 after data showed sales of new homes in the U.S. increased the most since October. The U.S. and U.K. markets are shut for holidays today.
Platinum rose 0.4 percent to $1,478.76 an ounce after climbing to $1,496.38 on May 22, the highest level since September. Palladium was little changed at $830.59 an ounce after reaching $839 on May 22, the highest since August 2011. On May 23, assets in platinum-backed ETPs expanded to 85.62 tons and those in palladium-backed ETPs increased to 86.93 tons.
26/5/2014
Copper in Shanghai climbed for a third day to a 11-week high as stockpiles tracked by exchanges in London, Shanghai and New York slumped. Aluminum rose to the highest in four weeks.
Gold held below $1,300 an ounce as investors weighed the outlook for U.S. monetary stimulus against unrest in Ukraine. Assets in exchange-traded funds backed by platinum and palladium climbed to records.
Bullion for immediate delivery traded at $1,293 an ounce at 1:50 p.m. in Singapore from $1,292.61 on May 23, according to Bloomberg generic pricing. The metal decreased 0.1 percent on May 23 after data showed sales of new homes in the U.S. increased the most since October. The U.S. and U.K. markets are shut for holidays today.
Platinum rose 0.4 percent to $1,478.76 an ounce after climbing to $1,496.38 on May 22, the highest level since September. Palladium was little changed at $830.59 an ounce after reaching $839 on May 22, the highest since August 2011. On May 23, assets in platinum-backed ETPs expanded to 85.62 tons and those in palladium-backed ETPs increased to 86.93 tons.
