Oil futures turned higher today. Supply concerns amid tensions between Iran and the West, as well as encouraging jobs data, supported the commodity. By the close, crude for November delivery rose $1.87, or 2.1%, to settle at $91.85 per barrel.
After suffering a two-week low in yesterday's action, gold futures did a 180 and rocketed to their highest price since Feb. 28, as bargain-hunting speculators scooped up the commodity. Plus, gold prices in euros hit record highs while economic problems continued to cloud the euro zone. Against this backdrop, December-dated gold jumped $26.90, or 1.5%, to close at $1,780.50 an ounce.
Levels to watch in trading...
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