#Gold and #Crude oil #Fundamental Analysis of October 19th,
2012 by MBCFX
Gold/USD
·
Precious-Gold
is trading lower today and declined for the second day, as the dollar’s rebound
damped demand on the metal as an alternative investment.
·
The
shiny metal slipped for a second session to trade around $1735.60 an ounce,
after recording a high of $1743.25 and a low of $1735.06, where eyes remain at
the EU summit concluded today.
Crude Oil
·
Crude
oil edges lower but remains supported, as traders await the outcome of the
European summit later today, amid mixed sentiment over demand growth as
supplies rose unexpectedly in the U.S.
and Canada.
·
U.S. Crude was up 0.54 percent at $92.10, compared with
the opening level of $92.05, recording a session high of $92.22 and low of
$91.95. Brent Crude was little changed at $112.46.
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