USD 63.8487

0

EUR 70.5975

0

BRENT 64.47

-0.16

AI-92 42.31

-0.01

AI-95 45.95

-0.04

AI-98 51.59

-0.04

Diesel 45.97

-0.08

21

Gold Market Awaiting Election Results

Gold futures prices seemed to start recovering

Gold futures prices seemed to start recovering, testing support below $420 per ounce, as the dollar strengthens and oil prices continue falling below $50 per barrel.

Markets are all now awaiting for the election results. Sen. John Kerry was expected to ease tensions in the Middle East. This may reduce the fear-premium that has built up in oil prices over the past few months.

However according to the latest results, George Bush is more likely to win