Commodity Online

NEW YORK: Gold and other precious metals followed oil s success train as the US dollar continued to get weaker amid reports of decline in Wall Street equities.

June gold prices rose $US19.50 to settle at $US937.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

In Nymex energy trading, crude oil futures ended at an all time record after a US Government report showed an unexpected slide in inventory.

Light, sweet crude for May delivery rose $US2.37 (2.2 per cent) at $US110.87 a barrel, topping the previous record settlement of $US110.33 set on March 13.

The intraday peak of $US112.21 topped the old record of $US111.80, set March 17.

In other metals trading, May silver rose US49.2 cents to $US18.20 an ounce, July platinum climbed $US15 to close at $US2044.60 an ounce, while June palladium rose $US5.80 to finish at $US463.20 an ounce.

The most active May copper contract rose US10.95c (nearly 3 per cent) to close at $US4 a pound.