Market Updates

Gold Sets New 26-Year High

Ivaylo
12 May, 2006
Metals

    Gold has gained more than 40% since November of last year, led by a number of factors, among which are the worse-than-expected U.S. economic data and a decline of the dollar against the euro. These key reasons have brought about massive speculative and fund rallies. The tensions over Iran

[R]5.00 AM Gold and Silver Close at New Price Hikes.[/R]
The most-traded June contract gold advanced to $721.50 an ounce at close a rise of $15.80 on the day, having peaked before that at $728 an ounce on the NYME. Silver also soared to $15.20 an ounce for the July contract in intra-day to close at $14.935 an ounce, 65.5 cents higher on the day. According to analyst the strong demand for the metal and the sturdy prices will keep silver on the rise in the near future. Platinum rose as much as $35.90 to $1,295.60 an ounce and palladium finished $9.80 up to $401.10 an ounce. Copper futures saw all-time highs as well, as the May contract set a record of $4.16 a pound. The most-traded July struck a contract high of $4.04 a pound.

Crude oil prices breached the $73 a barrel mark as fears over mounting instability in Nigeria compounded worries about summer gasoline supplies. Light, sweet crude for June delivery advanced to $1.19 to finish at $73.32 a barrel. June gasoline surged 5.02 cents to end at $2.2196 a gallon. Futures of raw sugar in foreign ports closed higher as July sugar edged 0.27 cent up to close at 17.65 cents a pound. July futures for cocoa finished $5 up to close at $1,566 a ton.

Annual Returns

Company Ticker 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Earnings

Company Ticker 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008