Gold, other metals recover; energy moves higher

The Associated Press
July 1, 2013

Gold and other metals are ending higher. Crude oil is also ending higher, while crop prices are lower.

Gold for August delivery rose $32, or 2.6 percent, to settle at $1,255.70 an ounce Monday. Silver for July delivery added 10.9 cents or 0.6 percent, to $19.56 an ounce. Copper, platinum and palladium rose between 3 and 4 percent.

July platinum rose $42.30, or 3.2 percent, to $1,379.20 an ounce and September palladium rose $26, or 3.9 percent, to $686.70 an ounce. July copper rose 10.45 cents, or 3.4 percent, to $3.155 a pound.

Crude oil rose 1.5 percent on rising concerns about Middle East tensions and their possible impact on oil supplies.

Benchmark crude for August delivery rose $1.43 to close at $97.99 a barrel on the New York Mercantile Exchange.

In other energy trading, natural gas rose 1 cent to finish at $3.58 per 1,000 cubic feet, heating oil rose 1 cent to end at $2.87 per gallon and wholesale gasoline added 2 cents to finish at $2.74 per gallon.

Crop prices fell. The actively traded contract for wheat delivered in September fell 2.75 cents to $6.55 a bushel. Corn for December delivery fell 9.75 cents to $5.0125 a bushel. Soybeans for November delivery fell 8.75 cents to $12.4325 a bushel.