Gold, oil prices push higher after German ruling ( GCZ2 SIZ2 CLV2 ) (by Barbara Kollmeyer)
MADRID (MarketWatch) -- Prices of gold, oil and related commodities pushed higher on Wednesday in mid-morning European trading hours after a German court refused to block ratification of the European Stability Mechanism. Gold for December delivery (gcz2) rose $9.10, or 0.5%, to $1,744 an ounce, compared with a rise of $6.20 seen just ahead of the decision. Silver for December delivery (siz2) rose 34 cents, or 1%, to $33.90 an ounce. Ahead of that decision, oil was up 15 cents. Meanwhile, crude oil for October delivery (clv2) rose 50 cents, or 0.5%, to $97.67 a barrel.