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Gold pulls back from multiyear highs
20.04.2006 16:39:11, AFX Europe Focus
NEW YORK (AFX) -- Gold futures touched a more than 25-year high of $645 an
ounce Thursday, before pulling back as traders locked in some of the metal's
recent gains. "These markets have really built up a head of steam as the small
speculators who have been looking to get long at a better price continue to be
frustrated by this breakout rally in gold," said Dale Doelling, chief market
technician at Trends In Commodities.
Gold for June delivery was last down $10.50 at $625.40. Silver fell $1.32 to
$13.20, also pulling back from multiyear highs. Platinum lost $22.70 to
$1,108.10 and palladium fell $22.85 to $351. Copper dipped 8.45 cents to $2.875
a pound.
This story was supplied by MarketWatch. For further information see
marketwatch.com.
News details
Quick search: SharesallIndicesDividend-right cert.WarrantsBondsInvestment FundsInvestment FoundationsOptionsFuturesForexMoney marketPrecious MetalsCoinsStructured productsCommoditiesVariousCash Positions
Symbol search activated
Gold pulls back from multiyear highs
20.04.2006 16:39:11, AFX Europe Focus
NEW YORK (AFX) -- Gold futures touched a more than 25-year high of $645 an
ounce Thursday, before pulling back as traders locked in some of the metal's
recent gains. "These markets have really built up a head of steam as the small
speculators who have been looking to get long at a better price continue to be
frustrated by this breakout rally in gold," said Dale Doelling, chief market
technician at Trends In Commodities.
Gold for June delivery was last down $10.50 at $625.40. Silver fell $1.32 to
$13.20, also pulling back from multiyear highs. Platinum lost $22.70 to
$1,108.10 and palladium fell $22.85 to $351. Copper dipped 8.45 cents to $2.875
a pound.
This story was supplied by MarketWatch. For further information see
marketwatch.com.
Dinge die man hastig tut,
bedauert man langsam.
bedauert man langsam.