Gold prices fell

Gold prices fell for the futures contract in New York more than 5 per cent on Thursday to break the level of $ 840 an ounce (Profile, Research) by a sharp rise of the dollar against the euro and with the demand of investors to sell for cash to cover their losses amid a sharp decline in U.S. stocks. It fell for December delivery contracts (December) 48.8, or 5.5 per cent to 838.5 dollars an ounce on the COMEX market.
And other precious metals fell sharply as well, and silver prices fell for the December contract (December) the next $ 1.33 or 10.9 per cent to 11.44 dollars a troy ounce, while platinum prices fell in January contracts (January) 48.1, or 4.6 per cent to 995 dollars.
Oil prices fell U.S. futures contract more than four dollars in morning trading on the New York Mercantile Exchange on Thursday negatively affected by the rise of the dollar and fears of a downturn in demand in the sluggish economy after the U.S. government announced a substantial increase in natural gas inventories last week. The U.S. light crude fell for November delivery contracts (November) 4.4 dollars to 94.13 dollars per barrel. The highest level of crude to $ 100.37 and a low level of 95.42 dollars per barrel.
In London, Brent crude 4.14 dollars to 91.19 dollars per barrel.


Following are more details:


Oil prices fell U.S. futures contract more than four dollars in trading in New York Mercantile Exchange yesterday adversely affected by the rise of the dollar and fears of a downturn in demand in the sluggish economy after the U.S. government announced a substantial increase in natural gas inventories last week. And oil prices also received pressure from the dollar, which rose against some currencies.
The U.S. light crude fell for November delivery contracts (November) the next 4.4 dollars per barrel in London, Brent crude 4.14 dollars to 91.19 dollars per barrel.
The U.S. gasoline reserves rose abruptly about 900 thousand barrels to 179.6 million barrels, while experts predicted quantities of gasoline fell by 1.6 million barrels. On the other hand, reserves dwindled heating oil and diesel by 2.3 million barrels to 123.1 million barrels, as estimated by experts to decline 1.2 million barrels. The experts ruled out the Bank Komrts Bank of Germany continued decline in oil prices in light of positive indicators on the approval of the plan to save American financial markets.
In Vienna, announced the Secretariat of the Organization of Petroleum Exporting Countries "OPEC" yesterday that the average price of a barrel of crude produced by Member States recorded
Wednesday down $ 89.99 to $ 33 cents on the closing price on Tuesday.

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