Market Updates
Gold Advances
Ivaylo
26 May, 2001
New York City
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However, traders described the trading session as one of the calmer ones for a while, with activity softened before a long holiday weekend. The increase happenss after June gold had plunged $36.20 on Wednesday and July silver had lost 65.5 cents. Other futures, such as oil and gasoline also advanced.
[R]5:00AM Gold rises, helped by crude oil.[/R]
June gold advanced $11 to $648.50 an ounce on the NYME. July silver gained 8.5 cents to $12.60 an ounce. Most-traded July copper closed 6.85 cents higher at $3.7075 per pound. July crude oil finished up $1.46 at $71.32 a barrel. June gasoline was up 8.54 cents at $2.1044 a gallon. On the New York Board of Trade, Arabica coffee futures plunged to 5-month lows. July futures closed 1.15 cents lower at 98.65 cents a pound, hitting previously a low of 98.10 cents a pound. September finished down 1.15 cents at $1.0155 cents a pound. July futures on raw sugar in foreign ports ended up 0.03 cent at 16.24 cents a pound, while October advanced 0.01 cent at 16.45 cents a pound.
Annual Returns
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Earnings
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