Monday, April 30, 2007

Metals Posts Slight Early Gains, Monday, April 30, 2007 9:03:30 AM

Metal prices were generally up at the start of U.S. trading on Monday. Gold and silver both advanced after losing ground last week. Copper and platinum also gained. Palladium declined early.

Gold prices were up slightly at the start of Monday`s U.S. trading session. June gold was up $1.30 to $683.10. Bullion trended down last week, coming off a two-month high.

Silver gained on Monday to start U.S. trading for the week. The metal for May delivery was at $13.53 per ounce, up 8.7 cents. Silver rebounded on Friday after a sharp drop in its previous session.

Copper gained in early U.S. trading on Monday. Copper for May delivery was at $3.5665, up 5.2 cents on the session. The metal spiked up at the open and gained a little more in the first 10 minutes before leveling off.

Palladium prices dipped early on in U.S. trading on Monday. June palladium fell 45 cents to $374. Prices have been trending down for about 10 days.

Platinum was up very slightly at the start of U.S. trading on Monday. The metal was up $2 to $1,295.
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