Crude oil futures closed yesterday (October 6) in the red. After the U.S. government’s Energy Information Administration (EIA) announced that crude oil inventories rose unexpectedly last week. In addition, investors took profits after four consecutive days of higher crude oil prices.
WTI crude futures fell $1.50, or 1.9%, to $77.43 a barrel.
Brent crude futures fell $1.48, or 1.8%, to $81.08 a barrel.
Gold contracts closed slightly higher.
Gold gained momentum as the 10-year U.S. Treasury bond yield fell to 1.515%. While investors keep an eye on the U.S. non-farm payrolls data on Friday.
Gold rose 90 cents, or 0.05%, to $1,761.80 per ounce.
Silver fell 7.6 cents, or 0.34%, to $22.53 an ounce.
The platinum contract rose $17.40, or 1.81%, to $977.20 an ounce.
The palladium contract fell $31.60, or 1.7%, to $1,867.80 per ounce.
The U.S. dollar gained strength ahead of the announcement of the U.S. labor market data to be released on Friday.
The dollar index, which measures the dollar’s performance against six other major currencies in a basket of currencies, rose 0.31% to 94.2641.
The euro fell to $1.1550 from $1.1597.
The pound fell to $1.3581 from $1.3628.
The Australian dollar fell to $0.7269 from $0.7291.
The yen stood at 111.43 yen from 111.49 yen.
Swiss Franc is at 0.9278 Franc from 0.9279 Franc.
The Canadian dollar stood at 1.2589 Canadian dollars from 1.2577 Canadian dollars.
The baht opened this morning at 33.83 baht/dollar, appreciated from 33.93 baht/dollar yesterday evening.
The Spot Market is Open
Thursday, October 7, 2021
| Metals Updates at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 11.044 | 1,760.30 1,761.30 | -3.10 -0.18% | 1,757.70 1,765.40 |
| Silver 11.04 | 22.56 22.66 | -0.06 -0.29% | 22.52 22.77 |
| Platinum 11.04 | 977.00 987.00 | -5.00 -0.51% | 972.00 995.00 |
| Palladium 11.04 | 1,845.00 1,995.00 | +17.00 0.93% | 1,828.00 1,997.00 |
| Rhodium 11.00 | 13,050.00 15,050.00 | 0.00 0.00% | 13,050.00 15,050.00 |
| Energy Updated at | Price | Change | %Change |
| Crude oil 11.04 | 76.62 | -0.82 | -1.06% |