Gold, Most Other Metals End Higher

Crude oil, gold, and other metals prices are ending higher, while natural gas and wheat futures fall.

U.S. benchmark oil for June delivery rose $1.94 to $91.12 a barrel Wednesday on the New York Mercantile Exchange.

Traders sent the price of oil higher as expectations built for a rate cut next week from the European Central Bank. That followed another weak business survey in Germany, Europe's biggest economy. Oil also rose after the U.S. Energy Department reported an increase in oil supplies that was smaller than analysts expected.

Gold for June delivery rose $14.90 to $1,423.70 an ounce. Most other metals prices also rose, except palladium.

Wheat and soybean futures fell, while corn rose.


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.

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: 2384521, ~/Articles/ArticleHandler.aspx, 10/24/2014 4:36:52 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...


Advertisement