5:00 AM Gold futures advanced on Wednesday on a fall of the dollar.
At settlement, February gold gained $3.40 to end at $630.30 a troy ounce on the New York Mercantile Exchange, while March silver finished 20 cents higher at $12.925 an ounce. January platinum closed $7.30 lower at $1,115.70 an ounce, while March palladium ended 30 cents lower at $328.90 an ounce. The most-active March copper contract advanced 3.60 cents to settle at $2.9140 per pound.
The front-month February crude oil contract shed 76 cents, or 1.2%, to $60.34 a barrel. That was the lowest finish for the front-month contract since Nov. 27. January heating oil fell 1.45 cents to settle at $1.6088 a gallon, while January unleaded gasoline rose 1.53 cents to close at $1.5875 a gallon. Natural gas for January delivery closed Wednesday 27.5 cents lower at $5.838 a million British thermal units
On the New York Board of Trade, Arabica coffee surged on fund buying and March coffee finished 1.20 cents higher at $1.2890 a pound, while May coffee advanced 1.15 cents to settled at $1.3185 a pound. Raw sugar in foreign ports slipped partly due to technical sales. The March contract finished 0.07 cents lower at 11.79 cents a pound. |