Gold falls to an almost-three-week-low on the stronger Dollar

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Source: Forexpros

On Monday, futures for gold were traded lower, declining to a 13-day low, since uncertainty over Spain supported the demand for the safe U.S. Dollar, which is negatively correlated with the commodity. On the NYMEX, December delivery futures for gold were traded at $1,748.35 per troy ounce, which was a 0.65% decrease for the European morning trading session. Earlier, prices fell by 0.9%, reaching a 13-day low of $1,743.25.

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Mon, 15 Oct 2012 16:14:18 GMT

Euro higher but gains capped by Spanish uncertainty

On Monday, the 17-nation currency was traded higher versus the U.S. Dollar, but was traded in a tight range, remaining a hostage of Spanish uncertainty. The Euro hit a session high of 1.2978, and subsequently consolidated at 1.2958 by 2:52 p.m. London time. The Euro earlier hit a session low of 1.2892.

Mon, 15 Oct 2012 15:52:29 GMT

Crude oil falls on global growth concerns

On Monday, crude was traded lower during European morning trading hours, as the slowdown of Chinese economy buoyed the sentiment. On the NYMEX, December delivery futures for light sweet crude were traded at $92.02 per barrel, which was a 0.3% decline for the trading session. Earlier, prices for contracts fell by 1.05%, hitting a session low of $91.31.

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