Hi guys! Just a quick report on the status of our favorite commodities. Let's hope these markets do not rise or fall too abruptly against us.
After the European leaders came forward to help the financial system, oil saw itself slip back above $80 a barrel. Analysts feel that even though there was a price rise in commodities, the rebound may be short-lived amid concerns about slowing demand. Crude oil for November delivery rose as much as $2.32, or 2.9 percent, to $83.51 a barrel in after-hours electronic trading on the New York Mercantile Exchange.
Gold went higher as the dollar slid against the euro , and stock markets finally capped in gains . Gold was at $846.70 an ounce, up $15.90 from the New York close.
Cheers!
Barbie
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