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Weak demand, global economic data hit prices
Oil and gold prices retreated last week, with demand for the commodities pressured by strains in the global economy.
Oil hits 13-month low over strong supplies
Brent crude rates dip towards $102 a barrel
Gold at three and a half week high
Spot gold hit its highest since July 14 at $1,322.60 an ounce earlier, and was up 0.1 per cent at $1,314.90 by 1152 GMT.
Gold edges up, still near 4-week low
US gold futures for August delivery gained 0.4 percent to $1,312.30 an ounce.
Gold hits 3-1/2 month high on weak shares
The move drove India’s most-traded August gold contract up as much as three per cent.
DGCX plans spot silver after gold
The spot gold contract was delayed from starting last month partly because specifications had to be changed and also because of Ramadan this month, said Madyan Jabr, head of communications for the DGCX.
Gold slips as dollar firms on US data
Gold has been under pressure since data on Thursday showed US employment growth jumped in June and that the jobless rate closed in on a six-year low, evidence of brisk economic growth.
US jobs data lifts metals; supply strains drag oil
Commodity markets diverged last week as metals benefitted from better-than-expected US jobs data while oil futures were hit by easing supply strains.
World shares at new highs on US jobs growth; dollar gains
World shares were hovering around record highs on Thursday as markets prepared for a European Central Bank and US jobs data double-header.
Gold holds near high of three months
It failed to maintain that level, however. Spot gold had eased to $1.326.40 by 0954 GMT, down 0.1 percent, while US gold futures for August delivery were up $5.60 an ounce at $1,327.60.
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