Dhaka, Bangladesh (BBN)– Oil hovered around US$ 80 a barrel after data showing a rise in U.S. crude imports was offset by steps taken by the Federal Reserve to shore up the economic recovery.
On the other hand, gold prices turned higher on Tuesday after the U.S. Federal Reserve said it would buy longer-term government debt to boost a sputtering economic recovery, increasing the metal’s investment appeal, according to reports. 
BBN/SSR/AD-11Aug10-1:13 pm (BST)