Gold Boosts On Rate Cuts, Oil Rises – 30 October, 2019

Gold prices got a boost from interest rates by the Federal Reserve, while oil prices rose as Chinese factory activity slowed. After dropping 1.6% the previous session, international Brent crude futures rose 0.4% or 24 cents to $60.85. Having dropped 0.9% the previous session, U.S. West Texas Intermediate crude futures were 0.2% or 10 cents higher at $55.16. Spot gold was up 0.3% to $1,499.06 per ounce, while U.S. gold futures rose 0.3% to $1,501.40 per ounce, boosted by a third round of  rate cuts.