- Crude oil prices gained smartly in Asia on Monday as investors saw the dollar steady to weaker for now as the Federal Reserve appears on hold for rates.On the New York Mercantile Exchange, crude oil for delivery in November gained 1.03% to $49.94 a barrel.Last week, crude oil prices were little changed at the end of a volatile session on Friday having failed to close above the $50 level, but expectations for continued declines in production underpinned prices.
- Gold prices jumped in Asia on Monday as investors show greater confidence that the Federal Reserve will hold steady in October.Gold for December delivery was up 1.18% to $1,157.80 a troy ounce, while silver futures for December delivery gained 0.60% to $15.860 a troy ounce.Last week, Gold rallied to the highest level in seven weeks on Friday on the back of heightened expectations that the Federal Reserve will hold off on hiking interest rates until 2016.
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