Gold hits peak while copper declines

| June 23, 2005 | 0 Comments
Gold hits peak while copper declines

Gold hit a 3-month peak of $442.10 per troy ounce at one point on Thursday and was trading at around $441.50 in late trading in London, up about $4 from its Wednesday afternoon price in New York.

3-month copper fell $48 on the London Metals Exchange to close at $3,310 as LME stockpiles dropped a further 375 tonnes to 32,675 tonnes, while 3-month nickel was down $705 to $14,750 per tonne, a four-month low. Aluminium was also down, by $37 to $1,743.

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