Market Updates

Gold Surges, Copper Declines

Ivaylo
02 Feb, 2007
New York City

    Gold futures ended on Thursday at their highest level since August, extending their gains to three sessions supported by the recent strength in oil prices and a slight decline in the value of the dollar which helped lift prices past $660 an ounce during the session. The market is obviously readjusting itself based on strong fundamental factors and with rising energy prices and a weakening dollar. Silver, platinum and palldaium also advanced, while copper dropped.

[R]5:00AM Gold futures advanced on Thursday on oil strength and dollar weakness.[/R]
April gold ended up $5.10 to $663 after hitting a high of $667, the contract strongest intraday level since Aug. 9. March silver gained 15.5 cents to close at $13.725 an ounce. April platinum advanced $10.50 to end at $1,192.80 an ounce and March palladium closed $4.35 higher at $344.90 an ounce. March copper dropped by 2.5%, surrendering 6.4 cents, to close at $2.5305 a pound.

The March crude oil contract ended 84 cents lower at $57.30 a barrel. Natural gas for March delivery fell 1.8%, losing 13.7 cents to close at $7.53 per million British thermal units. March heating oil finished down 2.49 cents at $1.6589 a gallon and March gasoline closed down 2.71 cents at $1.5253 a gallon.

On the New York Board of Trade, March Arabica coffee futures advanced 1.10 cents to end at $1.1875 a pound, with May up 0.85 cent at $1.2175. Futures on raw sugar in foreign ports for March gained 0.03 cent to close at 10.63 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