to close on the 11th, the New York Mercantile Exchange, light sweet crude for November delivery fell 45 cents to close at $ 82.21 a barrel. London Brent crude fell 31 cents to close at $ 83.72 a barrel.
reaction
the same day the U.S. dollar against a basket of currencies parity dollar exchange rate rose 0.43 percent to 77.51, a stronger dollar means that gold priced in dollars expensive for investors holding foreign currency also rose to its added resistance.
France, the world's third largest oil port of Marseilles strike continues, according to the French Oil Industry Association, Marseilles strike affecting the production of at least four refineries. If the strike continues, many gas stations in France since the 18th will face fuel shortages. Some refineries have asked the Government the use of the national strategic oil reserve. The market is expected to strike will affect short-term supply of crude oil, thereby pushing up oil prices.
In addition, following the Alcoa took the lead last week's announcement of corporate earnings, a U.S. listed company corporate earnings season has officially began. From the 12th, this week Intel, JP Morgan Chase, Google and General Electric and other various industries companies have published results, investors adopted a wait-and-see attitude, hoping that the good results of recent stock market boost.
the day, analysts said, the worrying situation of economic recovery in Europe and America, the U.S world pie network information . dollar depreciation accelerated, inflation is expected to significantly heat up as the best tool for hedging, gold afternoon rally Nan Yi.
In addition, since October, gold prices rose 3.4 percent, also attracted some investors took profits, transfer funds to the stock market.
the U.S. government on the 8th of concern in September payrolls report, the results fell short of expectations, but to increase investors' expectations for the U.S. Federal Reserve Board may take further action to stimulate the economy. Under the influence of the expected five months since the Dow Jones index its first close above 11,000 points and in the neighborhood support, the day most of the time fluctuating within a narrow range of the top of this.
to the New York stock market close, the Dow Jones Industrial Average index over the previous trading day up 3.63 points to close at 11010.11 points, or 0.03 percent. Standard & Poor's 500 index rose 0.15 points to close at 1165.30 points, or 0.01 percent. The Nasdaq composite index rose 0.42 points to close at 2402.33 points, or 0.02 percent.
May delivery
, silver futures price rose 24.4 cents an ounce to close at $ 23.349, or 1.1 percent. Platinum futures for January delivery fell $ 17.9 an ounce to close at $ 1,690.8, a drop of 1%.
11 is Columbus Day, the U.S. economic data, commodity futures and stock markets to normal opening, but the bond market is closed today.
the day of the Columbus Day holiday, although the normal trading of the New York stock market, but government agencies take a day off, and the bond market is not open. Day, no economic data, the willingness of investors to trade the market extremely light volume.
Analysts pointed out that the day the gold price into a tug of war between profit taking and bargain hunters, last Friday, on the one hand, very weak employment data confirms the market on the U.S. Federal Reserve Board to restart the quantitative easing policy The imminent prediction, every price has dropped slightly, to attract a large number of investors bargain hunting, the shrinking purchasing power of money to hedge risk.
gold futures hit a record high to exceed $ 1 World Steel Pipe News ,350
by investors, bargain hunters, and the dollar rebounded slightly, the combined effects of the New York Mercantile Exchange, gold futures on the 11th most actively traded December contract an ounce, up $ 9.1 to close at $ 1,354.4, the highest closing price history highest on record, or 0.7 percent.
morning trading period
New York Mercantile Exchange, light sweet crude for November delivery rose as much as to nearly $ 83.5 per barrel, but later rebounded due to the dollar, oil prices dropped to $ 82.66 a barrel.
last week by the U.S. Federal Reserve Board will soon introduce a new round of easing monetary policy is expected to affect the dollar continued to fall in the New York Mercantile Exchange trading, light sweet crude oil futures prices for the third consecutive week of gains.
As the U.S. dollar rebounded against major currencies, the New York market on the 11th international oil prices slightly lower.
provide guidelines for the market due to lack of economic data and corporate earnings, the New York stock market, on the 11th day a slight concussion, as close, the three major indexes are basically unchanged from the previous trading day.
international oil prices fell slightly on the 11th
New York stock market basic flat close