Oil And Gold Analysis : September 26, 2013
ICM Brokers | Sep 26, 2013 05:06AM ET
CL
Crude fell for a sixth day, the longest losing streak in 16 months, after a government report showed U.S. inventories unexpectedly rose last week as demand slipped. Prices slid as much as 0.5 percent after settling yesterday at the lowest level in 12 weeks. The Energy Information Administration said U.S. stockpiles increased by 2.64 million barrels, Gasoline consumption declined 2 percent to 8.85 million barrels a day.
GOLD
Gold traded little changed after its biggest advance in a week as investors weighed the risk of a U.S. government shutdown against the outlook for the Federal Reserve’s stimulus measures amid mixed economic data. Gold prices advanced 0.8 percent. Gold is set to climb 8 percent this quarter, the first such increase in a year.
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