Pakistan Rupee Exchange Rate
American Dollar Exchange Rate
Euro Exchange RateNEW YORK — Gold and other metals gave back some of their recent gains Thursday, but not before marking fresh highs.
Gold for December delivery lost $6.70 to finish trading at $1,013.50 an ounce on the New York Mercantile Exchange, after earlier rising to a new 18-month high of $1,025.80 an ounce.
It was the fifth straight day the precious metal settled above $1,000. Gold first broke the $1,000 barrier in March 2008 and has only closed above that level on 3 occasions before this recent streak.
The rise in gold prices has come amid a steady decline in the U.S. dollar. Investors often use gold as a hedge against inflation and a weak dollar. On Thursday, the dollar showed small, early gains against the euro, but retreated in late trading.
Analysts said investors were likely locking in some profits after gold prices pushed to their highest levels in at least a year. They said a slight pullback was warranted considering the recent surge.
December silver rose to a new 13-month high of $17.69 before sliding 16.5 cents to $17.2650 an ounce. Prices are still up 3.9 percent over three days.
October platinum fell $8.60 to $1,341.50 an ounce, after earlier rising to as high as $1,356.30 an ounce.
December copper futures fell 4.05 cents to $2.8960 a pound.
Elsewhere on the Nymex, oil prices edged lower, slipping 3 cents to settle at $72.47 a barrel after rising to $73.16, crude's highest point this month.
Gasoline for October delivery rose less than a penny to $1.8512 a gallon, and heating oil rose 1.51 cents to $1.8409 a gallon.
Natural gas also gave up some of its recent gains, losing 25.2 cents to settle at $3.458 per 1,000 cubic feet.
Grain prices were mixed on the Chicago Board of Trade.
December wheat futures shed 5.25 cents to $4.6175 a bushel, while corn for December delivery fell 7.25 cents to $3.29 a bushel.
November soybeans added 2.5 cents to $9.53 a bushel.
Other soft commodities, including sugar, orange juice and coffee, rose. Link...