- Gold prices edged higher in European morning hours on Friday, as weakness in the U.S. dollar continued after the minutes of the Federal Reserve’s latest policy meeting gave little indication on the timing of a rate hike.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.08% at $1,145.40.The December contract ended Thursday’s session 0.38% lower at $1,144.30 an ounce.Futures were likely to find support at $1,136.30, the low from October 6 and resistance at $1,152.90, the high from October 7.
- Crude oil prices edged higher in Asia on Friday as Fed signals that rates will stay on hold and moves afoot to trim output help. On the New York Mercantile Exchange, WTI crude for November delivery rose 0.23% to $49.55 a barrel.Overnight, crude futures surged more than 3% on Thursday to reach fresh monthly highs, as energy traders continued to digest bullish comments from OPEC Secretary-General Abdalla Salem El-Badri on robust global demand growth over the next year.
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