Gold futures recovered from midmorning weakness to close higher Thursday, as oil bounced from its early low and the dollar gave back its initial strength.
Gold continued a recovery from an "oversold" condition earlier in the week.
June gold rose $9.40 to settle at $909.60 a troy ounce on the Comex division of the New York Mercantile Exchange. May silver rose 30 cents to $17.48 an ounce.
In other metals trading, July platinum rose $48.30 to $2,012.90 an ounce. The metal was helped by influences such as worries that electrical shortages could persist some time in the key platinum-producing nation of South Africa, thus affecting mining operations there, a trader said.
June palladium rose $3.65 to settle at $447.40 an ounce, and the most-active May copper contract climbed 2.4 cents to finish at $3.9015 a pound.
Monday, April 7, 2008
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