FRX: Crude Oil, Gold Futures Gain After Dollar Drops
Crude-oil and gold futures moved up as the US dollar dropped on Monday.
According to the Institute of Supply Management, the ISM index dropped to 60.4% from 61.2% in March. Gold for June delivery gained $3.50, or 0.2%, to $1,559.80 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX), after rising as high as $1,577.40 an ounce earlier. Oil for June delivery rose $0.35, or 0.3%, to $114.29 a barrel, after dropping as low as $110.82 a barrel in electronic trading.
