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GOLD started the week at 1394 and climbed to a record breaking high of 1424. This is the second week of new highs after gold broke through the October high of 1386.
NEW YORK: Oil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 percent, the biggest monthly loss in a year for U.S. crude.
Market Fundamentals: By DAR WONG ASSOCIATES
GOLD started last week at 1211 and traded lacklustre last Monday as US banks were on holiday.
TOKYO: Goldman Sachs cuts its price forecast for Brent and West Texas Intermediate by US$15 a barrel for the first quarter of 2015, saying rising production in non-OPEC countries outside North America is expected to outstrip demand.
LONDON: Brent crude futures pared early gains on Thursday to hover just under US$61 as the euro slipped to an 11-year low against the dollar, offsetting concerns about tensions in Iraq and Libya.
SINGAPORE: Oil prices sank further in Asia Friday, with analysts warning of little respite from the the selling after plunging more than 40% since June.
SINGAPORE: Oil prices edged down on Friday after rising more than 2% in the previous session, buoyed by lower U.S. crude inventories and geopolitical tension in the Middle East.