Market Updates
Gold Slips
Ivaylo
01 Jun, 2006
Metals
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Gold didn
[R]5:00AM Gold, silver and platinum fall on profit-taking.[/R]
Most-traded August gold finished $11.50 lower at $649 an ounce Wednesday. The contract hit $665.80 earlier in the session, but then went down. July silver followed suit, closing 61.5 cents lower at $12.455 an ounce. July platinum settled the session $44.60 lower at $1,246.80 an ounce while September palladium finished down $9.50 at $353.15 an ounce. July copper contract fell 5 cents to $3.6240 per pound.
July crude oil finished 74 cents lower at $71.29 a barrel after dropping to $70.05 a barrel. June gasoline advanced 4.51 cents to $2.1900 a gallon after trading at $2.0725 a gallon. On the New York Board of Trade, July Arabica coffee ended 0.2 cent higher at 98.95 cents a pound. Raw sugar in foreign ports futures declined to four-month lows. The July contract finished down 0.45 cent at 15.46 cents a pound.
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