Gold held steady, investors eye U.S. employment data

Source: Forexpros

On Monday, gold prices held steady during Asian trading session, as traders speculated that optimistic U.S. employment numbers did not mean improvements in the U.S. economy. On the NYMEX, December delivery futures for gold were traded at $1,741.15 per troy ounce, which was a 0.02% increase for the session.

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Mon, 08 Oct 2012 11:24:00 GMT

Crude falls on Venezuela elections

On Monday, oil prices declined in Asian trading hours, as investors eyed presidential elections in Venezuela. On the NYMEX, November delivery futures for light sweet crude were traded at $89.57 per barrel, which was a 0.34% fall for the session. Earlier, it hit $89.69, which was a session high, and a session low of $89.54 per barrel.

Mon, 08 Oct 2012 14:32:59 GMT

Japan's car makers cut their production in China

Japan's Honda Motor, Nissan Motor and Toyota Motor plan to cut their production in China by half, as territorial disputes between Asia's trading partners decrease sales of Japan's cars in the world's biggest car market. Toyota's China Sales declined 40% in September from the previous year to 50 000 cars.

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