Gold prices rise for sixth day straight

Associated Press |

Gold prices rose for the sixth straight day on Wednesday as violence in Iraq drew traders to the precious metal.

Gold for August delivery rose $1.30 to settle at $1,322.60 an ounce on Wednesday.

The price of gold has climbed 6 percent so far this month as an insurgent group in Iraq pushes closer to Baghdad. U.S. and Iraqi officials confirmed Wednesday that Syrian warplanes bombed the militants' positions inside Iraq's border this week.

"The violence is definitely having an impact on the market," said Phil Streible, senior commodity broker at RJ O'Brien & Associates in Chicago.

Traders often shift money into gold in anticipation of a crisis. In March, gold prices hit a high point for the year on concerns over a territorial dispute between Russia and Ukraine.

Other metals traded higher Wednesday. Silver for July rose 7 cents to $21.12 an ounce. Copper for July rose 2 cents to $3.17 a pound.

Platinum for July rose $1.30 to $1,473.20 an ounce, while palladium for September rose $2.85 to $833.25 an ounce.

Prices for grains and beans ended mixed. Wheat rose 4 cents to $5.84 a bushel. Corn slipped a penny to $4.40 a bushel, while soybeans rose 5 cents to $12.29 a bushel.

In the market for oil and gas, benchmark U.S. crude rose 47 cents to $106.50 per barrel on the New York Mercantile Exchange.

In other energy futures trading on the Nymex:

— Wholesale gasoline slipped 3 cents to $3.09 a gallon.

— Heating oil fell one penny to $3.03 a gallon.

— Natural gas rose two cents to $4.55 per 1,000 cubic feet.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
TOIPF Thai Oil Pcl Fgn Reg Shs 1.98 0.00 0.00 0


Emerging Growth

Broadway Gold Mining Ltd.

Broadway Gold Mining Ltd is engaged in the exploration of mineral resources. The Company owns a 100% interest in the Madison Gold and Copper Mine located in Southwestern Montana.

Private Markets

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…


D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…