Market Updates
Gold Rises On North Korea Scare
Ivaylo
06 Jul, 2006
Metals
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Geopolitical tensions are the main reason for the rise of precious metals on Wednesday. The N.Korea
[R]5:30AM Precious metals advance on geopolitical tensions over N.Korea tests.[/R]
August gold finished up $13.70 to $629.70 a troy ounce on the NYME. September silver added 49.5 cents to $11.415 an ounce. October platinum added $6.90 to $1,248.60 an ounce, while September palladium advanced $4.20 to $327.70. The most-traded September copper contract gained 4.90 cents to close at $3.4040 per pound.
The front-month August crude-oil futures contract climbed $1.47 a barrel to an intraday high of $75.40 a barrel, the highest level for a front-month crude contract. August gasoline futures advanced 6.12 cents to $2.28 a gallon. August heating oil rose 3.40 cents to close at $2.0626 a barrel. On the New York Board of Trade, July Arabica coffee futures finished down 0.15 cent at $1.0185 a pound, while September lost 0.05 cent to $1.0345 a pound. Futures on raw sugar in foreign ports for October ended up 0.40 cent at 17.02 cents a pound while March rose 0.38 cent to 17.32 cents a pound.
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