2 Sep 2013
Commodities fell in volatile trade on Friday
FXstreet.com (Athens) - Commodities fell on Friday ahead of long holiday weekend in the US.
Will this week ahead of significant US data give momentum to commodities?
Brent crude oil fell in volatile trade on Friday ahead of a long holiday weekend in the United States, as the Obama administration made a case for a "limited" strike against Syria. Elaborating on, Brent crude for October fell $1.15 to settle at $114.01 a barrel, after earlier reaching a low of $113.63 prior to Kerry's speech. Brent gained 2.7 percent over the past week. What’s more, U.S. crude for October delivery fell $1.15 to settle at $107.65 a barrel after hitting a session low of $106.75. U.S. crude finished the week up 1.2 percent. The spot gold slid below $1,400 an ounce on Friday as the dollar rallied to a four-week high, with investors squaring positions at the end of the month and cashing in on a recent run-up ahead of a long U.S. holiday weekend. Silver was down 1.72 percent at $23.42 an ounce, for a monthly loss of 1.3 percent.
Will this week ahead of significant US data give momentum to commodities?
Brent crude oil fell in volatile trade on Friday ahead of a long holiday weekend in the United States, as the Obama administration made a case for a "limited" strike against Syria. Elaborating on, Brent crude for October fell $1.15 to settle at $114.01 a barrel, after earlier reaching a low of $113.63 prior to Kerry's speech. Brent gained 2.7 percent over the past week. What’s more, U.S. crude for October delivery fell $1.15 to settle at $107.65 a barrel after hitting a session low of $106.75. U.S. crude finished the week up 1.2 percent. The spot gold slid below $1,400 an ounce on Friday as the dollar rallied to a four-week high, with investors squaring positions at the end of the month and cashing in on a recent run-up ahead of a long U.S. holiday weekend. Silver was down 1.72 percent at $23.42 an ounce, for a monthly loss of 1.3 percent.