Gold Futures
| Gold (GCZ8) |  |
839.0 |
| Gold (GCG9) | |
842.5 |
| Gold (GCJ9) | |
845.1 |
| NYSE Gold (ZGZ8) |  |
844.8 |
| NYSE Gold (ZGG9) | |
842.1 |
| Mini-Sized Gold (YGZ8) | |
845.0 |
| Mini-Sized Gold (YGG9) | |
854.8 |
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PRECIOUS METALS: Gold Drops on Stronger Dollar, Crude Retreats
Some investors may buy gold as a cheaper alternative to oil, analysts say. Last year, gold moved higher at about half the rate of oil's appreciation, with the precious metal rising 31 percent while oil advanced 57 percent.
This year, gold gained 5.7 percent before today, while oil jumped 31 percent.
Also on the Nymex, July silver futures gained 32 cents to end at $17.23 an ounce and July copper edged up 3 cents to finish at $3.75 a pound. July platinum added $21.50 to close at $2,123.30 an ounce and June palladium gained $2.95 to close at $446.80 an ounce.
The rebound we saw in global markets Today 4:53 PM EST
- PRECIOUS METALS: Gold posts biggest drop in 25 years, closes below $800 Aug 15, 2008 3:30PM
- The Boom Reborn Today 12:31 PM EST
- You've Got [Golden] Mail Today 10:50 AM EST
- PRECIOUS METALS: Gold futures gains on weak dollar, oil advances Aug 27, 2008 4:35PM
- PRECIOUS METALS: Gold Futures Hit 10-Week High on Iran Tensions Jul 01, 2008 5:48PM
- Copper Futures Fall as Inventories Rise the most in 2 Years May 09, 2008 5:15PM
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