Wednesday, October 31, 2007
Gold up with oil prices
Story link: Gold up with oil prices
by Elaine Frei
by Elaine Frei
Precious metals prices were up in New York on Wednesday.
Gold for December delivery was $7.50 higher to $795.30 per troy ounce at the close of floor trade in New York after rising oil prices made the metal more attractive and as the US dollar fell to yet another low in relation to the euro.
December silver was also higher, adding 11 cents to $14.43 per troy ounce by the end of the day.
January platinum was $6.70 higher to $1,447.60 on hopes that demand will climb.
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