USD 63.8487

0

EUR 70.5975

0

BRENT 64.35

-0.28

AI-92 42.31

-0.01

AI-95 45.95

-0.04

AI-98 51.59

-0.04

Diesel 45.97

-0.08

31

Gold Futures Rose Following Oil Prices

Gold futures gained Tuesday following oils gain that revived demand for the precious metal

Gold futures gained Tuesday following oils gain that revived demand for the precious metal as a hedge against inflation.

Gold futures for December delivery rose $2.40, or 0.3%, to $828.10 an ounce on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $812 as the euro fell as much as 1.2% against the dollar.

Crude-oil prices rallied as much as 2.4% to $117.89 a barrel on concern that Hurricane Gustav may enter the Gulf of Mexico and disrupt US petroleum production. Gold reached a record in March as oil headed to an all-time high in July.