• search

Array

Written by: Staff
Subscribe to Oneindia News

SINGAPORE, May 4 (Reuters) Gold took a breather on Thursday after a rally which lifted the price to a 25-year high of $676.30 an ounce the previous day on worries about Iran's nuclear plans, a weak dollar and firm oil prices.

-- Dealers expect the market to consolidate this week with key player Japan on holiday. Support was pegged at $662 an ounce and resistance at $667.

-- Spot gold was quoted at $666.30/667.30 an ounce, versus $666.80/667.80 late in New York on Wednesday.

-- Japanese markets are closed from Wednesday through Friday for the Golden Week holiday period.

-- Platinum fell to $1,173/1,180 from $1,175/1,180 an ounce late in New York and off a record $1,184 hit the previous day.

-- Palladium dropped to $373/380 an ounce from $375/380. The metal had risen to its highest since April 2002 at $387 an ounce on Wednesday on fund buying.

-- Silver inched up to $13.73/13.82 from $13.69/13.79 in New York, but off a 23-year peak of $14.68 hit two weeks ago.

Precious Metals Prices by 0033 GMT Last Net Change Pct Move Gold 666.30 -0.70 -0.10 Platinum 1173.00 -2.00 -0.17 Palladium 373.00 -2.00 -0.53 Silver 13.72 0.02 +0.15 Change so far in 2006 Metal Latest bid End prev year Pct Move Gold 666.30 517.20 +28.83 Platinum 1173.00 968.00 +21.18 Palladium 373.00 254.00 +46.85 Silver 13.72 8.81 +55.73 * The closing prices used to calculate the net change may differ from New York's last quoted prices.

REUTERS CS GC0951

For Breaking News from Oneindia
Get instant news updates throughout the day.

X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more