Gold, the precious metal, escalated today thus reaching a four-week high, amid the traders and the investors awaiting for further information in ensuring, somehow, that the U.S. economy has indeed acquired momentum.
Gold trades higher to $1,176.95
In the New York Mercantile Exchange on the Comex division, gold's February delivery traded to $1,176.95 a troy ounce, ticking 0.3% or $3.55.
March's delivery for silver futures rose to $16.53 a troy ounce, adding 0.8 cents or 0.1%.
Palladium climbed to $761.70 an ounce, a change of 0.45%, and platinum traded to $977.20, rising 0.7%. Copper futures stabilized at $2.545 a pound.
Furthermore, the price of oil traded weaker, amid the latest signs for a planned output cut. February's crude oil traded to $53.56 a barrel, declining 0.8% or 44 cents.
In London's ICE Futures Exchange, Brent oil's March delivery traded to $56.65 a barrel, shedding 0.8% or 45 cents.
Moreover, gasoline futures, in Nymex, traded to $1.622 a gallon, dropping 0.25% or 0.3 cents, and February's heating oil to $1.692 a gallon, dipping 0.65% or 1.1 cents. February's delivery for Natural gas traded to $3.242 per million British thermal units, slumping 1.3% or 4.3 cents.
Read More