Market Updates

Gold, Silver Advance on Oil Rise

Ivaylo
22 Jan, 2007
New York City

    The combination of strength in other commodities and lower warehouse inventories pushed copper higher Friday. Gold and silver, too, got a lift from crude oil. Investors are talking about crude bouncing off the recent lows. That seems to be the leading commodity at this point in time. It appears that everybody is focused on the crude market. Arabica coffee futures setlled lower, while raw sugar advanced.

[R]5:00 AM Gold and silver advance on Friday supported by stronger crude oil.[/R]
February gold gained $8.30 to close at $636.40 a troy ounce and March silver advanced 23.5 cents to finish at $12.92 an ounce. April platinum settled flat at $1,168.50 an ounce, while March palladium closed the session up $1.50 at $344.90. The most-active March copper contract added 2.50 cents to finish at $2.5170 per pound on the New York Mercantile Exchange.

February crude oil reached $52.05 a barrel before ending up $1.51 at $51.99 a barrel. February heating oil also gained 4.28 cents to end at $1.5135 a gallon. February gasoline settled up 4.27 cents at $1.3980 a gallon and February natural gas advanced 56.2 cents to finish at $6.886 a million British thermal units.

On the New York Board of Trade, the March Arabica coffee futures contract settled down 0.05 cent at $1.1970 a pound. March futures on raw sugar in foreign ports gained 0.15 cent to close at 10.86 cents a pound.

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