futures prices, shares rise
P. Saefong, CBS.MarketWatch.com
Last Update: 5:38 PM ET Jan 18, 2001.
YORK (CBS.MW) -- Strength in some foreign currencies lifted
gold futures prices Thursday by prompting buying overseas,
and shares of gold companies were tugged higher as well.
gold rose $1 to close at $264.80 an ounce on the Commodities
Exchange division of the New York Mercantile Exchange. March
silver rose 8.2 cents to $4.825 an ounce.
Wednesday, COMEX gold warehouse stocks were flat at 1,775,330
ounces. Silver stocks were down 265,317 ounces to 93,775,371
the price of March palladium increased $30.70 to trade at
$1,030 an ounce and April platinum slipped by $15.90 to
$607.60 an ounce.
copper added 3.4 cents to 86.15 cents a pound. London Metals
Exchange warehouse stocks fell 2,450 metric tons to 360,500
metric tons as of early Thursday. Late Wednesday, COMEX
stocks were up 298 short tons to 69,065 tons.
the equities markets, the CBOE Gold Index climbed by 2.8
percent to 32.26. The Philadelphia Gold and Silver Index
rose 1.2 percent to 48.83.
shares of Agnico-Eagle Mines (AEM: news, msgs) added 6 cents
to close at $6.19. Freeport-McMoran Copper and Gold (FCX:
news, msgs) climbed $1.56 to settle at $10.63 after the
company reported better-than-expected fourth-quarter results.
(mt) : Metric ton = 1,000 kg or 32,151 ounces of fine gold.
Import Data : Volume
of gold imported into key bullion trading centres which
serve as as an important supply source for gold in the region.
Fabrication : Total
volume of gold, either newly - mined or scrap, converted
into the end-use products being exported.
Trade Purchases : Total
volume of gold contained in products purchased by the trade,
either retail or wholesale, for ultimate sale to consumers.
Consumer purchases :
Volume or value of gold purchased by consumers in a given
market. Usually measured by WGC's representative panel of
retail shops or by WGC surveys of consumer buying dehaviour.