US stocks, oil, gold closed higher
Date 03 Jun 2022 time 07:02
Dow Jones Industrial Average closed up 435.05 points, oil prices rose $1.61 while gold gained $22.70.
The Dow Jones Industrial Average closed at 33,248.28, up 435.05, or +1.33%, the S&P 500 closed at 4,176.82, up 75.59, or +1.84%, and the Nasdaq closed at 12,316.90, up 322.44, or +2.69% Trading was volatile before the US Department of Labor released its May non-farm payrolls on Friday (June 3). The number of jobs could increase by 325,000 in May. And the unemployment rate may drop to 3.5%, the lowest level since December. 1969
West Texas Crude Oil Contract Intermedia or light sweets For July delivery was up $1.61 to close at $116.87 a barrel. Brent North Sea London August delivery was up $1.32 to close at $117.61 a barrel. After the US revealed that crude inventories fell more than expected. The US crude oil futures rose. After the US Energy Information Administration (EIA) said that US crude inventories fell 5.1 million barrels last week. While analysts had expected a drop of 500,000 barrels.
The price of Comex gold for August delivery was up $22.70 to close at $1,871.40 an ounce.