Surge in Gold price and higher in Enegry price.

Gold futures price settled slightly higher Wednesday come with support from the rally in the Enegry price.

February 2007 gold price are most active and settled $0.70 up at $632.40 per troy ounce.
Gold Price had reach a support from the rally in the crude oil market on the heels of the Energy Information Administration (EIA) reported that showed across the board draws in U.S. petroleum stocks, including a big down in crude inventories. Gold price down at the open. Analysts said that gold price hesitated around the $627 level, but finally pickup with helped by firmer oil. The January 2007 crude oil price settled up $0.35 to $61.37 per barrel. The January 2007 heating oil price up $0.96 to $1.732 a gallon. January 2007 unleaded gasoline price up $0.0224 to $1.6174 per gallon. January 2007 natural gas price settled up $0.0243 to $7.673 per million British thermal units (BTU).

This see like Gold price and Enegry price are related to each other as the U.S. stock price is weak. The Cool weather from the winter season would may draw the demand on those energy price. Let's us watch how OPEC meeting is going to like be.