Gold fell after it reached the record, damping the demand for the precious metal. Analysts say that this was correction, which is inevitable because of the
Oil traded near highest level in eight weeks in New York but high levels don’t look sustainable in near term. A stronger dollar and falling stocks increased risk aversion sentiment, damping demand for commodities. A report this week expected to show that US inventories of crude grew, putting additional pressure on oil prices. Crude oil futures for November delivery fell $0.11 to $81.47 per barrel on NYMEX, following a surge to $81.58 on October 1st.
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