5:00AM Gold and silver futures advanced sharply on Monday, on dollar weakness.
December gold surged $5.80 to close at $598.50 a troy ounce on the NYME, while December silver added 23 cents to $11.91. January platinum rose $8 to $1,091.30 an ounce and December palladium gained $8.60 to $324.55 an ounce. High-grade copper futures finished sharply higher Monday, drawing some support from strength in other metals. The most active December copper contract advanced 16.75 cents to settle at $3.5810 per pound.
November crude oil futures gained $1.37 to end at $59.94 a barrel. The contract expires Friday. The November heating oil contract moved up 3.87 cents to $1.7585 a gallon. The November gasoline contract settled up 2.33 cents at $1.4917 a gallon. November natural gas gained 78.5 cents to close at $6.444 a million British thermal units.
On the New York Board of Trade, December Arabica coffee futures closed 2.15 cents lower at $1.0190 a pound, with March down 2.10 cents at $1.0590. The most-active December contract settled down $10 at $1,406 per metric ton. March futures on raw sugar in foreign ports ended 0.58 cent higher at 11.71 cents a pound. |