Oil and gold lead commodities higher By Chris Flood
Published: September 22 2008 13:28 | Last updated: September 22 2008 13:28
Oil and gold made gains on Monday, spearheading a broad advance for commodity markets amid concerns about the outlook for the dollar and the health of US public finances, after the US government revealed more details of its plans to deal with toxic mortgage assets.
Nymex October West Texas Intermediate rose $1.74 to $106.29 a barrel. The October contract was due to expire at the close of trade on Monday and the November contract traded $3.25 higher at $106.02.
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