Dhaka, Bangladesh (BBN) – Oil advanced on expectations that the U.S. Federal Reserve will keep borrowing rates low and may signal its readiness to print more money to support a faltering economic recovery.
On the other hand, gold ticked lower as early bargain hunting subsided, but investors bet the U.S. Federal Reserve would take further steps to ease monetary policy later in the day, boosting bullion’s safe-haven appeal, according to reports. 
BBN/SSR/SI/AD-10Aug10-11:16 am (BST)