Oil futures turned higher for a third straight day, as the commodity was buoyed by positive U.S. manufacturing data and a slouching greenback. While equities rallied, November-dated crude bumped up 29 cents, or 0.3%, to close at $92.48 a barrel.
The upbeat manufacturing report also boded well for gold futures, lifting the commodity to its loftiest price since March. A weaker dollar, as well as comments by Federal Reserve Bank of Chicago President praising the latest round of QE3, solidified gains for the precious metal. Against this backdrop, gold for December delivery gained $9.40, or 0.5%, to settle at $1,783.30 an ounce.
Levels to watch in trading...
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
Global X Social Media ETF (SOCL) Tests Key Chart Levels
Featured Partners: AOL DailyFinance
© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.