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Metal market: gold and copper prices tumble, U.S. macro-statistics is in limelight

01.07.2013 13:00

Metal market: gold and copper prices tumble, U.S. macro-statistics is in limelight

YEREVAN, July 1./ARKA/. From 24 to 28 June, the gold quotes were further tumbling amid rather negative dynamics of a week earlier.

The gold prices were pressured as the investors were concerned about the term of stimulus program. Moderately positive macroeconomic statistics of the world’s largest economy and stronger USD have also decreased the prices.

However, at the end of this period, the gold prices managed to restore, bouncing from almost three-year minimum of 1,180.22 USD per troy ounce amid careful purchased at lower prices. As a result, the gold cost fell by 5.13% to 1,233.55 USD per troy ounce last week.

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Market metals: gold quotes climb, copper prices fall

12.11.2012 14:56

Last week gold saw rise in prices amid physical demand rally and political events in the USA and China that drove the investors to report

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Tags: cropper, gold

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