Market Updates

Gold Ends Lower, Silver Higher

Ivaylo
16 Nov, 2006
New York City

    An early report of better-than-expected manufacturing data in New York State, gave the dollar a boost, but weighed on the precious metals. Overall, silver has been outperforming gold. Silver is getting support from non-obvious sources and it seems likely that if gold prices move higher on the back of a weaker U.S. dollar expected, then silver will move higher and probably continue to outperform gold.

[R]5:00AM Gold and silver futures end mixed Wednesday following dollar moves.[/R]
The most-active December gold shed $1.50 to end at $623.80 a troy ounce. December silver settled 5.5 cents higher at $12.945 an ounce. January platinum moved $2.40 lower to close at $1,170.80 an ounce after hitting a nearly two-week low of $1,158. December palladium dropped to the lowest level in more than a month, $313 an ounce, before settling down 70 cents at $318.80. December copper advanced 0.55 cent to end at $3.0945 per pound.

The front-month December crude oil contract oil gained 48 cents to $58.76 a barrel. December heating oil settled up 2.92 cents to $1.6924 a gallon. December gasoline rose 3.73 cents to end at $1.5821 a gallon. December natural gas settled up 14.3 cents at $8.120 a million British thermal units.

On the New York Board of Trade, fund and other speculative buying pushed the December Arabica coffee contract, which ended higher 2.35 cents at $1.1815 a pound. Futures on raw sugar in foreign ports for March settled 0.12 cent higher at 11.79 cents a pound, while May finished up 0.12 cent at 11.90.

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