Many analysts expect the price to continue to climb, perhaps hitting US$1,450 an ounce by year end. "Next year, who knows? If this continues like this we can march on higher," MF Global senior commodities analyst Edward Meir said.
In other metals contracts for December, silver jumped US$1.607 to settle at US$26.043 an ounce, copper gained 12.7 cents, or to settle at US$3.9120 a pound and palladium rose $32.05 to $674.75 an ounce.
Read article published Thursday, November 4, 2010 at 1:33 PM by SANDY SHORE, AP Business Writer, here.
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