New York, NY (BBN)- Oil fell for the first day in five on Wednesday as a rally that drove prices to three-month highs near US$ 83 a day earlier ran out of steam, while industry data showed US gasoline stockpiles rose unexpectedly last week.
On the other hand, gold advanced on Tuesday as investors steered clear of US stocks after weak economic data, China moved to make trading gold easier and physical demand improved after bullion’s recent slide.
BBN/SS/SI/AD-04Aug10-10:47 am (BST)