USD 75.1941

+0.27

EUR 88.6313

-0.23

BRENT 42.97

-0.4

AI-92 43.26

-0.12

AI-95 47.43

+0.07

AI-98 53.19

+0.01

Diesel 47.48

+0.04

127

Gold Futures Eased Affected by Oil Prices

Gold futures dropped for a second session in London following the crude oil prices

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.