Silver Eagle Proof » Gold & Silver Trading Higher On Rising Crude Oil Prices http://silvereagleproof.com American Proof Silver Eagles Wed, 27 Apr 2011 19:44:25 +0000 en hourly 1 http://wordpress.org/?v=3.1.4 Gold & Silver Trading Higher on Rising Crude Oil Prices http://silvereagleproof.com/2008/09/gold-silver-trading-higher-on-rising-crude-oil-prices/ http://silvereagleproof.com/2008/09/gold-silver-trading-higher-on-rising-crude-oil-prices/#comments Tue, 09 Sep 2008 01:20:40 +0000 theincrediblepulp http://silvereagleproof.com/?p=46 NEW YORK - Gold Prices rose to two-week highs in up-and-down trading Tuesday as a spike in crude oil spurred investor demand for hard assets as inflation hedges.

Gold for December delivery fell $2.40 to end at $828.10 per ounce on the N.Y. Mercantile Exchange, after rising to $853.60 earlier in the day, which was its highest level in almost one month.

December silver rose 20 cents to end at $13.678 an ounce on the Nymex, while December copper lowered to $3.4165 a pound.

Light crude oil for October delivery rose $1.16 to finish at $116.27 per barrel on the Nymex.

Heating oil futures also rose 5.85 cents to end the day at $3.2099 a gallon, while gas prices gained 8.74 cents to finish at $2.9697 a gallon.

In agricultural futures, many major grain products fell on the stronger U.S. dollar.

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