USD 63.8487

0

EUR 70.5975

0

BRENT 64.45

-0.18

AI-92 42.31

-0.01

AI-95 45.95

-0.04

AI-98 51.59

-0.04

Diesel 45.97

-0.08

22

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.