Commodities: Crude down 3%, Gold hits record highCrude oil futures fell almost 3% on Friday as widely watched US jobs data came in worse than expected.Fears about fuel demand resurfaced as October non-farm payrolls data showed the US unemployment rate rose to 10.2% from 9.8% in September. The number of jobs lost in October was 190,000 compared with forecasts of 175,000 job losses. Crude for December delivery settled $2.19 lower at $77.43 a barrel on the New York Mercantile Exchange. Oil traders have been keeping a close eye on economic indicators for signs about the rate of economic recovery and the effect that has on petroleum demand. Friday's jobs figures had plenty of traders heading for the door. Gold futures finished at a record Friday as the jobs reports sparked forecasts that interest rates will stay near zero well into next year. |
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| Name | Price | 1 Day Change | 1 Day % Change | Units |
|---|---|---|---|---|
| Gold | $1,096.75 | +$7.75 | +0.71% | $/troy oz |
| Silver | $17.52 | +$0.15 | +0.83% | $/troy oz |
| Cattle | 154.07p | 0.000p | 0.00% | p/kg |
| Pigs | 142.72p | 0.000p | 0.00% | p/kg |
| Lamb | 152.81p | 0.000p | 0.00% | p/kg |
| Brent Crude | $75.61 | -$2.51 | -3.21% | $/barrel |
| Krugerrand | $1,131.90 | $0.00 | 0.00% | $/troy oz |
| Palladium | $330.00 | $0.00 | 0.00% | $/troy oz |
| Platinum | $1,347.00 | -$12.00 | -0.88% | $/troy oz |
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