5:00AM Gold and copper declined on Thursday on dollar and oil movements.
Gold for February delivery ended down $2.70 at $621.60 an ounce on the New York Mercantile Exchange while March silver retreated 15.5 cents, or 1.2%, to close at $12.49 an ounce. Most active March copper contract was down 7.4 cents, or 2.5%, to finish at $2.8805 a pound. January platinum lost $1.70 to end at $1,124.30 an ounce and March palladium ended off 45 cents at $327.30 an ounce.
Crude-oil futures closed under $63 a barrel Thursday, retreating on the heels of what traders considered to be a temporary set back in U.S. crude supplies. Crude for February delivery fell $1.06, or 1.7%, to end at $62.66 a barrel on the New York Mercantile Exchange. January natural-gas futures closed up 3.1 cents, or 0.5%, at $6.80 per million British thermal units. January heating oil declined 2.87 cents, or 1.7%, to close at $1.7017 a gallon. January unleaded gasoline was down 3.38 cents at $1.6421 a gallon.
March Arabica coffee finished 0.40 cents lower at $1.2635 a pound, while March raw sugar lost 0.09 cents to close at 11.90 cents a pound. |