HomeGold records higher price and oil settles10/10/2017 12:00 am [rtl] Capitals / follow - up to the morning while gold prices jumped to the highest level in more than a week on Monday with the increased demand for the precious metal as a safe haven, oil prices have stabilized , recovering from a loss of two percent on Friday , with the decline in the number of working in the US oil rigs and thanks to expectations that Saudi Arabia continues to curb production and support markets. Spot gold rose 0.4 percent to $ 12799.99 an ounce after touching earlier highs since September 29 at $ 1284.97 an ounce. US gold futures for December delivery rose 0.6 percent to $ 1282.40 an ounce. Dollar and Yen The dollar steadied against the yen after falling from its 12-week high last week as renewed focus on geopolitical tensions amid concerns that North Korea might be preparing for another test. The spot price of silver rose 0.7 percent to $ 16.90 an ounce after touching a two-week high of $ 16.99 an ounce earlier. Platinum and palladium rose 0.5 percent to 917.50 and 924.65 dollars an ounce respectively. Oil prices steadied on Monday, recovering from a 2 percent loss on Friday as the number of oil rigs operating in the United States declined and expectations of Saudi Arabia continuing to curb production and support markets. West Texas Intermediate crude futures rose 9 cents from the previous close to $ 49.38 a barrel by 0702 GMT. Brent and Brent crude stabilized at $ 55.62 a barrel. Oil fell about 2 percent on Friday and US crude fell below $ 50 as renewed fears of overproduction. Oil ports, producers and refineries in Louisiana, Mississippi and Alabama, which shut down their facilities before the cyclones, are planning to resume work on Monday after the storm moved away from most of the Gulf of Mexico's power plants in the United States.[/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=145700 [/rtl] |
Gold records higher price and oil settles
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