Gold, base metals weaker

COMMODITY prices were weaker across the board overnight, with copper down by 0.55% and nickel by 0.32%.

  • Staff Reporter
  • 19 May 2017
  • 08:43
  • News
Gold, base metals weaker

Related Content

Zinc was sitting at close to 2017 lows after a 1.1% fall to $2518.25 per tonne.
 
Gold was also weaker as the dollar rallied on positive manufacturing data. After peaking at $1265 an ounce last night, gold pulled back to as low as $1245/oz.
 
Spot gold was sitting at $1248/oz this morning.
 
Oilprice.com reported that WTI crude oil was up 0.18%, sitting at $49.8 per barrel.
 
Cocoa increased by $30 or 1.46% to $2,084/t yesterday from $2,054/t in the previous trading session, tradingeconomics.com reported.
 
Palm oil was down yesterday, dropping to 2871 Malaysian ringgit per tonne from MYR2886/t the previous session.
 
Coffee was also down, tradingeconomics.com reported, decreasing 2.08% to 129.45 cents per pound from 132.20c the previous trading day.

PNGIndustry newsletter

Mining

Lihir sets new gold record

Lihir sets new gold record

Good result for Newcrest

LNG

PNG LNG record broken

PNG LNG record broken

Top production rates, despite shutdown

Community

Taurama Barracks Preschool gets facelift

Taurama Barracks Preschool gets facelift

BSP Waigani staff help out