NEW YORK, Nov. 5 (UPI) -- The U.S. dollar headed higher Friday, but nobody told oil or gold, which defied logic and climbed as well.
Oil prices reached $87.35, flirting with a two-year high, while gold advanced, adding $14.60 to come close to the $1,400 mark, closing at $1,393.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The dollar index, a pro-rated measure of the greenback against six major currencies, turned higher, rising 0.92 percent, which tends to undermine commodity prices.
Gold, however, found popularity as a hedge against Thursday's surge in equities. Suspecting a downward correction in equities enhances gold's reputation as a safe haven.
Oil prices rose on a U.S. Department of Labor report that said the U.S. economy added 151,000 jobs in October, the first upswing since May.
In spite of the new jobs, the unemployment rate did not budge, holding at 9.6 percent, the department said.
