Crude Oil, Gold Futures Tick Higher

Gold and oil prices were getting a minor lift Monday as the dollar weakened a bit against most major currencies.

Benchmark bullion futures were tacking on 40 cents at $938.20 an ounce in recent action on the Comex division of the New York Mercantile Exchange. Nearby crude contracts were adding 27 cents to $123.53 a barrel.

The muted gains in commodities came as the dollar fell slightly. One euro was buying $1.5755, up from $1.5692 late Friday. The British pound was selling for $1.992 vs. $1.9891 last week, and the yen was fractionally stronger.

The SPDR Gold Trust(GLD Quote) was down 0.4%. The United States Oil(USO Quote) exchange-traded fund was edging 0.1% higher.

The CurrencyShares Euro Trust(FXE Quote) and the CurrencyShares Japanese Yen Trust(FXY Quote) were both up 0.3% in recent action. The CurrencyShares British Pound Sterling(FXB Quote) was steady.

In the precious metals patch, Harmony Gold Mining(HMY Quote) was down 0.6%.