CL
Crude oil futures tumbled to levels not seen since March 2009 on Friday, as gloomy manufacturing data from China added to concerns over slowing global growth and weak demand prospects. Data on Friday showed that manufacturing activity in China contracted at the fastest rate in six-and-a-half years in August, exacerbating fears over a slowdown in the world’s second-largest economy. The preliminary reading of the Caixin China manufacturing purchasing managers' index came in at 47.1, down from July's final reading of 47.8. It was the lowest reading since March 2009.
Gold
Gold futures rallied to a more than six-week high on Friday, as steep losses in global equity markets and receding expectations that the Federal Reserve will raise U.S. interest rates next month boosted demand for the yellow metal. The Shanghai Composite tumbled more than 4% on Friday, Germany's DAX crashed almost 3%, while the Dow and S&P 500 suffered their worst day since 2011, as fears of a China-led global economic slowdown spooked traders and rattled sentiment. Gold for December delivery on the Comex division of the New York Mercantile Exchange hit an intraday peak of $1,167.90 a troy ounce on Friday, the most since July 7, before ending at $1,159.60, up $6.40, or 0.55%.
