Market Updates

Gold and Copper Settle Down

Ivaylo
14 Aug, 2006
Metals

    Union leaders met with the management on Friday to try to resume formal negotiations.Negotiations are expected to go well into the night. Meanwhile, gold settled lower in a summer dull session. Silver and palladium followed gold down.

December gold settled down $1.60 at $644.40 a troy ounce. September silver settled at $11.885, down 22 cents after hitting a low of $11.77 an ounce. October platinum settled up $3.90 at $1254.40 an ounce. September palladium settled 45 cents lower at $322.30 an ounce. September copper settled 14.80 cents lower at $3.4765 per pound on the NYME.

September crude oil futures settled up 35 cents at $74.35 a barrel. September gasoline settled up 7.54 cents at $2.0643 a gallon.On the New York Board of Trade, Arabica coffee fell Friday to its lowest price in more than a week, pressured by fund sales, a lower London robusta market and activity related to the expiration of September options. The September contract lost 1.25 cents to $1.0430 a pound. October futures on raw sugar in foreign ports fell 0.53 cent to 13.36 cents a pound.

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