Oil and Gold End The Day Just Below Session Highs
13-Jul-12 15:35 ET
[BRIEFING.COM] Following a notable rally in commodities this morning, gains were largely held and many ended the day near their session highs.
Oil ended 1.3% higher at $87.16. Crude oil ran to a new session high of $87.62 in the afternoon session, just about 10 minutes before floor trading ended and finished the day just below that high. Oil ended 1.3% higher at $87.16. Natural gas continued to chop around the unchanged line for most of the session, finishing the day unchanged at $2.88.
In the metals space, gold and silver remained in positive territory rally this morning's rally, but gold ended the day with stronger gains. Gold hit a Hod of $1596.50 and finished the day just below that level at $1578.70, up 1.7%. Silver pulled back from its session high and erased most of its gains, ending 0.8% higher at $27.37.