Gold futures in New York held steady early on Tuesday but trading was very subdued after one floor broker was taken ill at the exchange, halting dealings temporarily in all New York commodities, floor sources said. A slightly lower dollar was supporting metals prices, dealers said, but turnover remained extremely thin after the broker reportedly suffered a heart attack in the copper ring after the opening bell. "Over on copper someone had a heart attack.
Trading is back open now in the metals but the atmosphere is pretty sombre, as you can imagine," said one floor source.
Markets at the New York Mercantile Exchange and the New York Board of Trade were closed from about 8:15 am EDT until almost 9:15 am. A NYMEX spokeswoman said that one market participant at the copper ring had a "medical emergency" and was taken to hospital, but his condition was not known.
By 10:30 am EDT, gold for June delivery on the New York Mercantile Exchange's COMEX division stood 90 cents higher at $427.80 an ounce, trading from $426.60 to $428.40.
James Quinn, commodities commentator for A.G. Edwards & Sons, said a soft dollar helped prop up gold in muted trading.
Spot gold last was worth $427.20/428.00 an ounce, versus Monday's late New York quote at $425.80/6.55. Tuesday's afternoon fix in London was at $427.40.
COMEX July silver slipped 0.5 cent to $7.075 an ounce, dealing within $7.115 to $7.04. Spot silver was flat at $7.04/07. The fix was at $7.06.
On the board at NYMEX, July platinum was up 40 cents at $879. Spot platinum changed hands at $876/880.
June palladium fell $1.15 to $194.50 an ounce. Spot palladium was quoted at $192/195.
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