Gold futures rise, boosted by rally in crude oil
Copper futures soar 4% on concerns about supply disruptions in Chile
By Polya Lesova, MarketWatch
Last Update: 11:20 AM ET May 5, 2008
NEW YORK (MarketWatch) — Gold futures rose Monday, extending their gains from
the previous session, boosted by soaring crude-oil prices.
Gold for June delivery gained $9.10 at $867.10 an ounce on the New York
Mercantile Exchange.
On Friday, gold closed up $7.10 at $858 an ounce, but the precious metal still
ended the week with a loss of nearly $32 an ounce.
Crude-oil futures rallied more than 2%, propelled higher by concerns about supply
disruptions in Nigeria.
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