5:00AM Gold and silver prices gained on Thursday on strong oil prices.
February gold futures jumped $11.10 to finish at $652.90 a troy ounce on the NYME. March silver futures gained 35.5 cents to close at $14.115 an ounce. Meanwhile, January platinum rose $24.30 to finish at $1,176.70 an ounce. March palladium gained $6.85 to close at $334.35 an ounce. March copper added 4.05 cents to settle at $3.1955 a pound.

The January crude oil contract jumped $1.31 to an intraday high of $63.77 a barrel before closing 67 cents higher at $63.13 a barrel. December heating oil rose 1.80 cents to close at $1.8133 a gallon, December unleaded gasoline ended 14.85 cents higher at $1.8191 a gallon. Natural gas for January delivery on the Nymex settled 2.7 cents lower at $8.84 a million British thermal units.

At the New York Board of Trade, Arabica coffee futures rose. December coffee closed 1.15 cents higher at $1.1970 a pound. March raw sugar settled 0.01 cent higher at 12.37 cents a pound, while May fell 0.01 cent to 12.26 cents a pound.