Gold shines, oil prices ease

Dhaka, Bangladesh (BBN)– U.S. Crude oil futures prices settled slightly lower after seesawing in light, post-holiday trading volume on Friday, weighed down by Europe’s debt crisis that pushed the Euro to a two month low against the US dollar.

Crude prices rallied 3.0 percent on Wednesday on the back of encouraging US jobs data and China factory activity statistics. NYMEX slipped to hover around US$ 86.63 per barrel on Thursday, a review report said.  

Gold prices fell on Monday as a firmer US Dollar dented the metal’s appeal as an alternative investment, with a weaker EUR also putting additional pressure. Spot Gold price surged towards 1,391 an ounce on Thursday.

BBN/SI/SSR-04Dec10-12:16 am (BST) 

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