[Golden Scout] Gold Futures Slight Rise After U.S. Presidential Debate

Illustration photo of U.S. Presidential Debate from Reuters.

Kuala Lumpur 2:05 p.m. (GMT +8), the DAX futures contract in Germany traded 0.3% lower, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.2%. 

The final debate between U.S. President Donald Trump and his Democrat challenger Joe Biden took place late Thursday, an event that many saw as Trump’s last chance to substantially eat into Biden’s poll lead ahead of the Nov. 3 poll.

Oil prices slipped slightly Friday, consolidating the previous session’s strong gains after Russian President Vladimir Putin chose not to rule out extending record supply cuts in the face of the Covid-19 pandemic.

The Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+, faces a decision on whether to change its output policy at a meeting scheduled to start in late for November amid pressure on fuel demand caused by fresh coronavirus restrictions.

U.S. crude futures traded 0.6% lower at $40.41 a barrel, while the international benchmark Brent contract fell 0.5% to $42.25. Both contracts posted gains of over 1.5% on Wednesday, but are still currently heading for their first weekly loss in three.

Elsewhere, gold futures rose 0.1% to $1,906.65 per ounce, while EUR/USD traded 0.2% lower at 1.1796.

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