AFP: Gold edges down on oil, platinum near 3-year low
SINGAPORE, Oct 6 (Reuters) - Gold inched down on Monday as oil dropped on demand fears, while platinum steadied after tumbling to its weakest in nearly three years on economic weakness and dismal car sales.
-- Gold was trading at $828.00 an ounce, down $6.80 an ounce from New York's notional close on Friday, when it hit a two-week low at $818.70 after the U.S. House of Representatives voted to pass a $700 billion to bailout the U.S. financial system.
-- Platinum was trading at $950.00 an ounce, unchanged from New York's notional close. It tumbled to $836.50 on Friday, its lowest level since November 2005.
-- Oil prices slumped 2 percent on Monday, falling for a fourth day as traders feared efforts to contain the spreading credit crisis would fail to stave off a deeper decline in oil demand.
-- New York gold futures fell $1.6 an ounce to $831.6 an ounce on the COMEX division of the New York Mercantile Exchange.
-- The U.S. dollar rose versus the euro on Friday as the approval of a $700 billion rescue package by Congress for the U.S. financial sector left investors fretting that Europe might not have adequate measures to deal the credit crisis.