Gold Touches $1,143/oz, Silver Soars, Stocks Jump

Commodities were on fire Monday as another drop in the US dollar weighed into the mix. New York gold futures surged 2.0 percent to a fresh all-time high while silver soared 5.9 percent. Crude oil rebounded from a one-month low. US stocks joined in with their own rally, as the major indexes reached new ‘09 highs.

New York precious metal figures follow:

• Silver for December delivery soared $1.02 to $18.40 an ounce. It ranged from $17.475 to $18.450.

• Gold for December delivery jumped $22.50 to $1,139.20 an ounce. It ranged from $1,119.5 to $1143.00 — a new all-time high.

• January platinum surged $22.90, or 4.0 percent, to $1,444.60 an ounce. It ranged from $1,393.8 to $1,458.20.

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