USD 75.1941

+0.27

EUR 88.6313

-0.23

BRENT 43.71

+0.34

AI-92 43.26

-0.12

AI-95 47.43

+0.07

AI-98 53.19

+0.01

Diesel 47.48

+0.04

71

Gold Picks Up On Weakening Bob

Gold rose to the highest in a month as surging oil prices and a weakening dollar boosted demand for the metal as a hedge against inflation

Gold rose to the highest in a month as surging oil prices and a weakening dollar boosted demand for the metal as a hedge against inflation.

``Gold's move is about the dollar and crude oil and trading on inflation,'' said Frank Lesh, a trader at FuturePath Trading LLC in Chicago.

Gold futures for June delivery rose $8.40, or 0.9 percent, to $928.60 an ounce on the Comex division of the New York Mercantile Exchange, after earlier reaching $931.10, the highest for a most-active contract since April 21.

Precious metals rallied after a report showed U.S. stockpiles of crude oil unexpectedly dropped, sending the price to more than $132 in New York for this first time. Crude has doubled in the past year. Heating oil also reached a record today.