Market Updates
Gold Decreases on Stronger Dollar
Ivaylo
13 Feb, 2007
New York City
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Last week
[R]5:30AM Gold settles lower on Monday on firm dollar and weaker oil.[/R]
Most-active April gold plunged $5 to$667.30 a troy ounce while March silver lost 20 cents to finish at $13.715. April platinum settled down $10.50 at $1,191.30 an ounce while March palladium declined $3.90 to end at $337.75. Most active March copper shed 4 cents to end at $2.4775 per pound.
The March crude oil slid $2.08 to close at $57.81 a barrel while March heating oil lost 7.97 cents to $1.6454 a gallon. March gasoline was off 6.21 cents to end at $1.5527 a gallon. March natural gas declined 60.1 cents to close at $7.226 per million British thermal units.
On the New York Board of Trade, March Arabica coffee futures closed down 0.80 cent at $1.1475 a pound, with May off 0.75 cent at $1.1780. Futures on raw sugar in foreign ports for March slipped 0.10 cent to close at 10.39 cents a pound.
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