Market Updates

Gold and Silver Fall Sharply Again

Ivaylo
25 May, 2006
Metals

    A turnaround occurred from the previous day when gold increased considerably. The recovery didn

[R]5:00AM Gold and silver drop again on profit taking and stronger dollar.[/R]
June gold dropped $36.20 to close at $637.50 an ounce. July silver shed 65.5 cents to finish at $12.515 an ounce. July copper lost 24.65 cents to settle at $3.64 per pound. July crude oil declined $1.90 to finish at $69.86 a barrel. June gasoline fell 9.33 cents to close at $2.1567 a gallon. July Arabica coffee futures finished 1.6 cents lower at 99.8 cents a pound. Raw sugar in foreign ports futures for July closed down 0.41 cent at 16.21 cents a pound while October shed 0.44 cent to 16.44 cents a pound.

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