🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Oil And Gold Analysis : October 10, 2013

Published 10/10/2013, 04:12 AM
Updated 04/25/2018, 04:40 AM
GC
-

CL
Crude declined after a government report showed U.S. inventories grew by the most in a year as refineries reduced crude processing. Prices capped the biggest drop in four weeks after the Energy Information Administration said supplies rose 6.81 million barrels last week, a five-month low. WTI also fell as talks to end the government shutdown and lift the debt ceiling remained deadlocked.
Oil Hour Chart

GOLD
Gold fell the most in a week, dropping below $1,300 an ounce. The Federal Reserve is scheduled to release minutes of last month’s meeting, when policy makers unexpectedly refrained from reducing monetary stimulus. Bullion slumped 22 percent this year on concern that the central bank will taper its $85 billion of monthly bond purchases as the economy improves.
Gold Hour Chart

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.