5:00AM Gold and silver futures rose on Tuesday on kick off of jewelery season.
At the NYME, the top-traded December gold advanced $14.30 at $646.90 a troy ounce on Tuesday. The December silver contract gained 7 cents at $13.14 an ounce. October platinum rose $24.70 higher at $1,279.50 an ounce and December palladium ended the session $5.80 higher at $355.40 an ounce after having reached a monthly high of $356 an ounce. The December copper futures ended with a gain of 16.35 cents to $3.6245 per pound.
The October crude oil contract slumped 58 cents at $68.60, the front-month contract''s lowest close since May 19. October gasoline also slipped 8.79 cents to $1.6465 a gallon. October heating oil fell 3.11 cents to $1.9363 a gallon, while October natural gas closed 16.2 cents higher at $6.039 a million British thermal units.
On the New York Board of Trade, Arabica coffee futures advanced, as funds and small speculators bought, spurred by strength in the London robusta market and worries about Brazil''s weather ahead of next-crop flowering. Futures on raw sugar in foreign ports for October gained 0.10 cent at 11.49 cents a pound. |