08.11. Gold and oil increase, dollar stable

News for today, November 8:

Gold rose in Asia Monday morning, hitting a two-month high. Gold futures were up 0.18% to $ 1,820.10 by 11:36 PM ET (3:36 GMT). The price remained above the $ 1,800 mark after hitting its highest level since September 7 at the start of the session.

Oil prices rose on Monday amid positive signs of global economic growth, supporting energy demand. Saudi Arabia's state-owned producer Aramco (SE: 2222) raised the official selling price for its oil. Brent crude rose 84 cents, or 1%, to $ 83.58 a barrel by 06:09 GMT after falling nearly 2% last week. U.S. crude rose 95 cents, or 1.2%, to $ 82.22, after falling down nearly 3% by last Friday.

The U.S. dollar started the week steadily in Asia but stayed below Friday's highs as currency traders try to find a way between market rate volatility forecasts and central banks’ wait-and-see approach despite soaring inflation. Sterling, after falling sharply when the Bank of England left rates unchanged last week to everyone's surprise, hovered at $ 1.3478 after its five-week low of $ 1.3425 on Friday.

The price of Brent crude is $ 83,56 per barrel, WTI — $ 82,14. EUR/USD is at 1.1558, GBP/USD — 1.3479, gold is at $ 1,816.81 per ounce.­­­­