Market Updates
Gold Rises
Ivaylo
29 May, 2006
Metals
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Some of the recovery was due to technical factors. Otherwise, analysts think there was good support for the precious metal to be around $637 to $638.50. The current low is $640.50. So gold came into a level where technically, it should have been. Other precious metals, such as silver and platinum also gained.
[R]5:00AM Gold prices advance prior to Memorial Day.[/R]
June gold finished up $2.50 to $651 a troy ounce in New York. July silver added 13 cents to $12.73 an ounce and July platinum settled up $3.10 to $1,298.10 an ounce. June palladium closed $3.10 up to $355.10 an ounce. Copper settled 10.75 cents higher at $3.8150 per pound.
The July crude oil contract put 5 cents up to $71.37 a barrel after trading in the range of $70.86 and $71.90. For the week, crude futures finished more than 4% higher. June gasoline climbed 3.24 cents to close at $2.1368 a gallon. On the New York Board of Trade, Arabica coffee futures sank to fresh 5-month lows. July closed 0.55 cent lower at 98.10 cents a pound while September declined 0.55 cent to $1.01 a pound. Raw sugar in foreign ports futures for July finished down 0.36 cent at 15.88 cents a pound while October declined 0.31 cent to 16.14 cents a pound.
Annual Returns
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Earnings
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