SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Market Update Analysis: 
Gold Falls on Dropping Energy Prices
Author: Ivaylo Dagnev
123jump.com
Last Update: 5:16 AM EDT August 29 2006



Email article | Print article

There was some corroborative selling in gold as oil came down. Oil prices dropped nearly $2 a barrel Monday as Ernesto was downgraded to a tropical storm and forecast to miss the energy production areas of the Gulf of Mexico. Silver, platinum and palladium also declined. Only copper rose.

 
5:00AM Gold futures fell Mnday on retreating energy prices.
December gold shed $6.90 to $623.90 a troy ounce on the NYME. September silver fell 34.5 cents to end at $12.025 an ounce. October platinum dropped $5.30 to close at $1,227.70 an ounce. September palladium fell $4.35 to settle at 341.45 an ounce. Most-active December copper finished up 1.90 cents at $3.4505 per pound.

October crude oil finished down $1.90 a barrel to $70.61 after hitting an intraday low of $70.15. The September gasoline contract ended down 11.20 cents to $1.7831 a gallon. The September heating oil contract slipped 6.39 cents to $1.9659 a gallon. September natural gas settled down 68.5 cents at $6.472 a million British thermal units. On the New York Board of Trade, September Arabica coffee futures shed 3 cents to $1.0320 a pound. Futures on raw sugar in foreign ports for October closed 0.17 cent down at 12.13 cents a pound.
  1 More: Market Update Archive

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

©1999-2008 123jump.com. All rights reserved