Gold little changed after U.S. consumer confidence report
Gold prices were little changed on Tuesday, as price moves were muted amid light trading volume during a holiday-shortened week.
Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on 70 cents, or 0.07%, to trade at $1,069.00 a troy ounce during U.S. morning hours. A day earlier, gold dipped $7.60, or 0.71%. The Conference Board said its index of consumer confidence rose to 96.5 this month from a reading of 92.6 in November, whose figure was revised from a previously reported 90.4. Analysts expected the index to rise to 93.8 in December.
Crude oil prices drop more than 1 percent as weak outlook prevails
Crude oil futures fell around half a dollar early on Wednesday as the market remained under pressure from slowing demand and high supplies, while forecasts that a cold snap in Europe and the United States would be short-lived also hurt prices.
Crude prices have plunged by two-thirds since mid-2014 as soaring output from the Organization of the Petroleum Exporting Countries, Russia and the United States led to a global surplus of between half a million and 2 million barrels per day.
More recently, a slowing demand outlook, especially in Asia but also Europe, has started dragging on prices.
Front-month U.S. West Texas Intermediate crude futures (CLc1) were trading at $37.18 per barrel at 0140 GMT, down 69 cents or 1.82 percent from their last settlement. Brent futures (LCOc1) were down 47 cents, or 1.24 percent, to $37.32 a barrel.
Traders said the price falls were largely a result of a weak outlook for next year and the closing of 2015 trade books.
Men's high value comes from the appearance of rolex replica uk high demand for their own management. They have a breitling replica thin dress, a strip of flesh, seemingly casual but actually in the details reflect the high quality of the omega replica dress. With some exquisite accessories to decorate, whether or tie clip are carefully considered cufflinks on the election, is a piece of men's replica rolex watches sublimation of the whole shape, reflecting the unique personality and high taste.