Gold Remains Steady as Dollar Climbs Against Euro Currency

Copper prices jumped as Chile earthquake may affect supply

2nd March 2010 Tues

With the dollar climbing against the Euro as much as 1.3 percent, Gold remained the same in New York emphasizing the demand for the precious metal as an investment. The price of Silver metal took a fall from its highest mark in nearly a month.
Gold futures for April delivery fell to $1118.30 USD an ounce, about 60 US cents down, on the New York Mercantile Exchange Comex unit. The value of Gold for immediate delivery at New York and London prices remained at $1117.60 USD Troy Oz.

Industrial metals, Copper included, witnessed a jump with Copper climbing nearly 6.2 percent resulting in a seven week high, owing to the worry that the February 27th 2010 earthquake in Chile, the biggest producer in the world, might disrupt short term Copper supplies.

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