Commodities Edge Higher as Gold and Metals Rally

On October 16, the global commodities market saw modest gains. Gold traded at $4,185.82 per ounce, up $15.18 or 0.36% from the previous close. Silver followed suit, rising to $57.890 an ounce, a $0.734 increase or 1.28%. Crude oil prices slipped: WTI crude fell to $97.37, down $0.60 or 0.61%, while Brent crude slipped to $105.49, a $0.43 decline or 0.41%. Copper edged up to $6.6265 per pound, a $0.070 increase or 1.07%. Aluminum finished at $3,007.30 per ton, up $22.30 or 0.75%. Natural gas prices fell to $3.183 per MMBtu, a $0.053 drop or 1.64%. The session ran from 08:00 to 16:00 GMT.