Crude dropped to the lowest level in more than four months as the euro tumbled against the dollar after the European Central Bank unexpectedly cut its benchmark rate to a record low.as U.S. gross domestic product rose at a 2.8 percent annualized rate in the third quarter after a 2.5 percent gain the prior three months, a Commerce Department report showed today in Washington.
GOLD
Gold production rose 14 percent from a year earlier to 233,677 ounces as volumes, gold mine in Mali increased 27 percent, countering a 3.2 percent drop at Tongon in Ivory Coast. Net income fell 21 percent to $81.2 million as the price of bullion declined. Randgold Resources Ltd. (RRS), a producer of the metal in Africa, rose the most in more than a month in London trading after record production at its Mali mine propelled earnings beyond analyst expectations.
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Friday’s Oil And Gold Analysis
Published 11/08/2013, 03:59 AM
Updated 04/25/2018, 04:40 AM
Friday’s Oil And Gold Analysis
CL
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