Gold ends higher after brutal week; oil rises

Print
Email
|

Associated Press

Posted on April 19, 2013 at 2:02 PM

Updated Friday, Apr 19 at 2:04 PM

Traders are cautiously returning to buying certain key commodities, including gold and oil, after big sell-offs earlier this week.

Gold inched slightly higher at the end of a week that included its biggest one-day drop in 30 years.

Gold for June delivery rose $3.10 to $1,395.60 per ounce. The precious metal has had a wild few weeks. It started sliding last week, in a panic that culminated Monday when the metal plunged 9 percent. It was gold's biggest drop since 1983.

Benchmark crude for May delivery rose 28 cents to $88.01 a barrel on the New York Mercantile Exchange.

Wheat and corn are higher.

Print
Email
|
Business News Video
More Video