Market Updates
Gold and Copper Settle Down
Ivaylo
14 Aug, 2006
Metals
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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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