USD 63.9542

0

EUR 71.1299

0

BRENT 59.29

0

AI-92 42.26

-0.01

AI-95 46.03

0

AI-98 51.77

-0.02

Diesel 46.25

+0.06

10

Gold Rising 6th Session In Succession

Gold futures in New York shot to a 25-year peak on Wednesday against fears of U.S. inflation

Gold futures in New York shot to a 25-year peak on Wednesday against fears of U.S. inflation sped up precious metals purchases as an alternative investment.

Record-high oil prices and news that core U.S. inflation rose at its fastest rate in a year pulled investors into gold as a hedge against inflation, said analysts, many of whom felt momentum for higher metal prices looked strong.

At the New York Mercantile Exchange, COMEX gold for June delivery settled up $12.70, or 2 percent, at $636 an ounce, after trading from $622.10 to $637.40 -- the steepest price for futures since December 1980.