Universal Apparel and Textile Co. (DKGR)

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I have a feeling it could be a good trading day

$$

Gold rises sharply, as dollar drops, oil prices soar

By Polya Lesova
Last Update: 8:25 AM ET Sep 27, 2007Print Subscribe to RSS Disable Live Quotes

NEW YORK (MarketWatch) -- Gold futures rose sharply early Thursday, as a decline in the dollar and soaring crude-oil prices boosted demand for the precious metal. Gold for December delivery rose $6.70 at $742.20 an ounce on the New York Mercantile Exchange. "Gold is trading higher on the back of robust oil prices and a renewed rise in the euro against the dollar, which both increase the appeal of the precious metal as a hedge against inflation," said analysts at Action Economics. Other metals prices also posted gains. December silver rose 15.50 cents at $13.70 an ounce, October platinum gained $3.50 at $1,355 an ounce and December palladium rose $1.90 at $346.70 an ounce. December copper rose 5 cents at $3.6640 a pound.