Dhaka, Bangladesh (BBN)- Gold prices rose over the week, hitting all-time highs above USD 1,300 an ounce, as investors fretted over economic uncertainty after the Federal Reserve raised expectations to take new measures to spur growth.
Silver also surged to a 30-year high on strong investment buying. Though the metals pared some gains on Monday following a rebound in the US$, prices bounced back on a weakening US$ during the later part of the week, according to reports.
Oil prices started the week on an upbeat mode as data showing a rise in business spending in the U.S. lifted markets.
An industry report showing that crude and winter fuel stockpiles declined last week in top-consumer the United States, and an weakening Dollar gave oil prices a further boost, taking the NYMEX WTI towards USD 79 a barrel on Thursday.
BBN/ANS/AD-02Oct10-11:36 am (BST)