News // Metal market
Gold Futures Eased Affected by Oil Prices
02 September 2008 , 09:561133
Gold futures dropped for a second session in London following the crude oil prices, reducing demand for the precious metal as a hedge against inflation.
Crude oil fell, reversing earlier gains on a forecast that Hurricane Gustav is unlikely to intensify in the Gulf of Mexico before striking land.
The metal for immediate delivery fell $US3.97, or 0.5%, to $827.18 an ounce in London. Futures for December delivery were unchanged at $US835.20 an ounce in after-hours electronic trading on the Comex division of the New York Mercantile Exchange.
12:10 27.07.2016Turkmenoil produced over 2.461 million tons of oil in 1H2016
12:36 18.07.2014Bankers Petroleum Gold Sponsor of the 3rd Balkans and the Adriatic Oil & Gas Summit
09:33 17.10.2013Representative of TATNEFT is the Winner of the World Championship in Kettlebell Lifting
11:52 14.08.2012Scientists Surveying the Chukchi Sea for Future Oil, Gas Development
09:50 02.08.2012Oil near $89 after US supply drop, ECB awaited
08:35 07.12.2010Gold holds near record