GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, December 27, 2010

Copper Surges on China Inventory; Gold Higher While Crude Declines

Commodities finished mixed with copper futures hitting a new record and gold logging gains. Oil futures ended floor trading in the red.

Crude oil for February delivery finished down $0.51, or 0.6%, to $91 a barrel. In other energy futures, heating oil ended down 0.74% to $2.52 a gallon while natural gas fell 0.83%, to $4.04 per million British thermal units.

Meanwhile, gold notched gains while copper remained the standout in the metals market by hitting a fresh record settlement.

Gold for February delivery finished up 0.2% to $1,382.90 an ounce. In other metal futures, silver was down 0.15% to $29.28 a troy ounce while copper rose 0.41% to $4.28 a pound.

The U.S. dollar index (DXY) is down 0.18% to $80.35.

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