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Gold, Other Metals Recover; Energy Moves Higher

By The Associated Press

Gold and other metals are ending higher. Crude oil is also ending higher, while crop prices are lower.

Gold for August delivery rose $32, or 2.6 percent, to settle at $1,255.70 an ounce Monday. Silver for July delivery added 10.9 cents or 0.6 percent, to $19.56 an ounce. Copper, platinum and palladium rose between 3 and 4 percent.

July platinum rose $42.30, or 3.2 percent, to $1,379.20 an ounce and September palladium rose $26, or 3.9 percent, to $686.70 an ounce. July copper rose 10.45 cents, or 3.4 percent, to $3.155 a pound.

Crude oil rose 1.5 percent on rising concerns about Middle East tensions and their possible impact on oil supplies.

Benchmark crude for August delivery rose $1.43 to close at $97.99 a barrel on the New York Mercantile Exchange.

In other energy trading, natural gas rose 1 cent to finish at $3.58 per 1,000 cubic feet, heating oil rose 1 cent to end at $2.87 per gallon and wholesale gasoline added 2 cents to finish at $2.74 per gallon.

Crop prices fell. The actively traded contract for wheat delivered in September fell 2.75 cents to $6.55 a bushel. Corn for December delivery fell 9.75 cents to $5.0125 a bushel. Soybeans for November delivery fell 8.75 cents to $12.4325 a bushel.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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