Continuing weakness in the U.S. dollar, which is lasting 5 days, sent gold futures to a fresh six-month high Thursday
Continuing weakness in the U.S. dollar, which is lasting 5 days, sent gold futures to a fresh six-month high Thursday.
Gold futures for December delivery closed at $425.60 an ounce on the New York Mercantile Exchange, up 80 cents and at its highest closing level since April 7.
Most other metals futures inched up Thursday. December copper rose by 1.2 cents to close at $1.3135 a pound. The January platinum contract rose by $3.70 to end at $851.80 an ounce, and December palladium closed at $216.90 an ounce, up $1.25.
Tracking inventories, copper supplies were up 178 short tons at 46,155 short tons as of late Wednesday, according to Nymex. Silver stocks were unchanged at 105.1 million, while gold inventories stood at 5.30 million troy ounces, up 40,332 troy ounces from the previous session