News
Gold only metal to see improvement in March
Bnamericas Published: Wednesday, April 10, 2013
Gold was the only metal to see an improvement in price last month, increasing 1.2% during March to US$1,598.25/oz on March 28, Peruvian bank BCP said in its monthly equity report. According to Deutsche Bank, fears over US fiscal policy predicted to resurface around June could serve as an important boost for gold prices come summer, BCP added. Yellow metal prices, however, are still following a downward trend so far this year, closing Tuesday at US$1,577.25, 5.64% lower than 2013's opening price of US$1,693.75. Gold prices have averaged US$1,626.37 so far this year, with its lowest point reached earlier this month, at US$1,546.50 on April 4. Silver, copper, zinc and tin have also shown downward trends so far this year, BCP reported, with silver seeing the greatest decrease, down 10.1% from January-March. Silver closed at US$27.25/oz on Tuesday, averaging US$29.86/oz so far this year.
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