Stock Market Update: Strong Session for Commodities
Dow -25.30 at 11108.46, Nasdaq +1.59 at 2506.91, S&P -0.49 at 1183.21
[] The dollar drove trade in precious metals again this session. Precious metals collectively rallied for a 1.9% gain as the dollar dove to a loss of more than 1%. Gold specifically gained 1.5% to finish at $1342.50 per ounce. Silver settled 2.3% higher at $23.88 per ounce. They set respective highs of $1346.20 and $24.04 per ounce, which came in late-morning trade.
Natural gas prices started pit trade in the red with a marked loss, but jumped 3.6% to finish at $3.88 per MMBtu on the back of a smaller-than-expected build in weekly inventories. Meanwhile, crude oil prices lagged, but still finished with a 0.3% gain at $82.18 per barrel.
Similar Posts:
- Gold, Silver Rally For Second Straight Session
- Crude Oil Posts Gains For Fourth Straight Week
- Stock Market Update: Commodities Finish Higher; Precious Metals Lone Decliner After Shedding 3%
- Late Buying Fails to Offset Broad Losses
- Stock Market Update: Stocks Muster Modest Gains Amid Data
