Gold added $US7.60 to settle at $US925.20 a troy ounce on the Comex division of the New York Mercantile Exchange.
Higher oil prices and a lower US dollar were the "primary factors" supporting gold futures, said Andrew Montano, director of precious metals at Scotia Mocatta.
But the metal's gains were relatively mild, especially as the euro hit a record high of $US1.6020 against the US dollar, and May crude oil hit a Nymex record high for the sixth straight trading day, this time at $US119.90 a barrel.
In other metals trading, May silver rose US35 cents to settle at $US17.71 an ounce, July platinum climbed $US10.10 to $US2037.40 an ounce, June rose US90c to $US463.40 an ounce.
The most-active July copper contract rose US9.20c to settle at $US3.9585 a pound. A strike against Chilean miner Codelco, coupled with ongoing strength in crude oil but weakness in the US dollar enabled copper futures to close sharply higher overnight, market participants said.
Higher oil prices and a lower US dollar were the "primary factors" supporting gold futures, said Andrew Montano, director of precious metals at Scotia Mocatta.
But the metal's gains were relatively mild, especially as the euro hit a record high of $US1.6020 against the US dollar, and May crude oil hit a Nymex record high for the sixth straight trading day, this time at $US119.90 a barrel.
In other metals trading, May silver rose US35 cents to settle at $US17.71 an ounce, July platinum climbed $US10.10 to $US2037.40 an ounce, June rose US90c to $US463.40 an ounce.
The most-active July copper contract rose US9.20c to settle at $US3.9585 a pound. A strike against Chilean miner Codelco, coupled with ongoing strength in crude oil but weakness in the US dollar enabled copper futures to close sharply higher overnight, market participants said.
No comments:
Post a Comment