Gold hit lowest level in 6 months and aluminum in a year

MarketWatch said the price of gold fell to its lowest level in 6 months as it was below $1,800 an ounce, coinciding with the dollar’s rise against the euro to its highest level in 22 years.

And the prices of August contracts on the New York Mercantile Exchange (NYMEX) fell during trading by 1.8% and reached $1,769 per ounce.

Silver for September delivery lost 2.8% to $19.12 an ounce.

And contracts for palladium for the month of September fell 1.9% to $1,902 an ounce, while October contracts for platinum fell 2% to $854 an ounce.

Aluminum on the London Metal Exchange (LME) fell to its lowest level in a year on the back of slowing demand and strong production volumes, as contracts for delivery in 3 months fell by 1.4% to $2427 per ton.

Source: Interfax

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