Oil, Treasuries up; Gold off

Sunday, 3 April 2011 07:30

London Brent crude futures for May finished up $1.34 at $118 a barrel.

U.S. crude settled up $1.22, or 1.14 percent, at $107.94 a barrel, its highest close since September 2008.

The benchmark 10-year U.S. Treasury note was up 4/32 in price for the day, yielding 3.46 percent after being down 10/32 right after the bullish March employment report.

U.S. federal fund futures were slightly lower, with the January 2012 contract down 0.01 percent at 99.6600.

Safe-haven gold slipped as the jobs data increased investors' risk appetite.

Spot gold, which tracks trades in bullion, dropped 0.1 percent to trade above $1,428 an ounce, off its low at $1,412.55 hit earlier in the session.

U.S. gold futures for June delivery finished down 0.7 percent at $1,428.10 an ounce.