Gold falls to lowest level since February

| May 31, 2005 | 0 Comments
Gold falls to lowest level since February

The strength of the dollar and the slide of the euro in comparison also is affecting the price of gold.

Bullion fell to its lowest level since February on Tuesday with its decline to $413.75 per troy ounce before bouncing back to trade at $415.45/$416.20 per troy ounce, a decline of around $2 for the day.

In the past six weeks, gold has lost over 5 percent in value. Silver and platinum also declined in price on Tuesday.

Meanwhile, the new plastics futures on the London Metal Exchange stayed steady or added value. Polypropylene for September delivery was a steady $934 per metric tonne, while linear low-density polyethylene futures gained $4 to $939 per tonne.

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