Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Gold Futures Rise; Grains and Copper Fall

Gold and silver are closing higher as traders cautiously shift money back into precious metals following a rout last week.

The actively traded contract for June delivery of gold rose $25.60, or 1.8 percent, to close at $1,421.20 an ounce Monday.

Last week gold had its biggest plunge since 1983 because of tame inflation data from the U.S. and fears in the market that distressed European countries like Cyprus might start selling their gold reserves to finance their bailout packages.

Silver also rose 1.6 percent. The May contract gained 36.4 cents to settle at $23.324 an ounce. May copper edged down 1.75 cent to $3.131 a pound.

In other trading, oil rose 75 cents to $88.76 a barrel.

Grain and bean futures fell.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2378014, ~/Articles/ArticleHandler.aspx, 9/26/2016 1:48:59 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes