After the European leaders came forward to help the financial system, oil saw itself slip back above $80 a barrel. Analysts feel that even though there was a price rise in commodities, the rebound may be short-lived amid concerns about slowing demand. Crude oil for November delivery rose as much as $2.32, or 2.9 percent, to $83.51 a barrel in after-hours electronic trading on the New York Mercantile Exchange.
Gold went higher as the dollar slid against the euro
, and stock markets finally capped in gains
. Gold was at $846.70 an ounce, up $15.90 from the New York close.
Cheers!
Barbie
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