Date: Tuesday 01 Dec 2009
Gold ended the month with a flourish with the price of the yellow stuff rising as the value of the dollar waned.
Gold for December delivery rose $6.90 to $1,181.10 an ounce in New York trading, capping a strong month for the precious metal, which saw its price fall on only three days in the whole of November.
Silver was also wanted, rising 19.3 cents to $18.495 an ounce, while copper rose 5.5 cents to $3.1485 a pound.
The weak dollar was also boosting the appeal of oil, allowing it to claw back some of the losses suffered on Friday, in the wake of the announcement of the Dubai World debt situation.
The January contract rose $1.23 to $77.28 a barrel on the New York Mercantile Exchange, having dipped to $75.13 earlier.
Increasing tensions between Iran and the west prompted speculative buying of oil futures. Iran has refused a request by the International Atomic Energy Agency to cease work on an enrichment plant for rnuclear fuel.
Name Price 1 Day Change 1 Day % Change Units Gold $1,175.75 +$9.25 +0.79% $/troy oz Silver $18.14 +$0.16 +0.89% $/troy oz Cattle 142.21p 0.000p 0.00% p/kg Pigs 139.16p 0.000p 0.00% p/kg Lamb 164.88p 0.000p 0.00% p/kg Brent Crude $77.20 +$0.09 +0.12% $/barrel Krugerrand $1,210.70 -$4.10 -0.34% $/troy oz Palladium $360.50 +$2.50 +0.70% $/troy oz Platinum $1,442.00 +$16.00 +1.12% $/troy oz
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