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dow2664 Precious metal commodities moved into the green to close out the last trading session just as Hurricane Irene was approaching the East Coast of the U.S. Many speculate that the Hurricane is acting to modify investor behavior by pushing certain investments. The safe haven appeal of gold and silver held strong on Friday. As the Hurricane winds increased, so to did precious metal contract prices. Gold contract finished higher and once again is approaching the 1800 price per troy ounce mark. Oil price per barrel received a push in the positive direction as well from Hurricane Irene. During the final hours of trading on Friday, Oil price per barrel turned green. Light sweet crude broke into positive territory by .08 percent to settle the session at 85.37 per barrel for October contract. Heating oil moved higher on the day as well. Heating oil for October delivery went green by .76 percent to close out at 3.02 per gallon. Sweet crude is still negative as the one month change for the commodity posts in the red by 12.02 percent. The one month change status for gold is positive by 13.06 percent. Gold contract for December delivery finished off Friday’s session higher by 1.31 percent at 1797.30 per troy ounce. Camillo Zucari
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