5:00AM Gold and silver futures soared Monday on buying from funds.
December gold surged to end at $613.20, its strongest level since Sept. 11. December silver jumped to finish at $12.295 an ounce, and January platinum climbed $13.50 to $1,093.20 an ounce. December palladium gained $5.75 to $328.75 an ounce. The most active December copper contract settled down 4.65 cents at $3.3585 per pound.
The front-month December crude oil contract on declined $2.39 to close at $58.36 a barrel. November heating oil settled down 9.29 cents to $1.6015 a gallon amid forecasts for warm fall weather. November unleaded gasoline lost 10.44 cents to end at $1.4555 a gallon. November natural gas dropped 41.1 cents to close at $7.416 a million British thermal units.
On the New York Board of Trade, December Arabica coffee futures closed unchanged at $1.08 a pound. March futures on raw sugar in foreign ports settled 0.34 cent lower at 11.45 cents a pound. |