Gold fell in choppy trade on Thursday (13/10/2011) after the European Central Bank held off flagging an imminent cut in interest rates, deflating an earlier rally in assets seen as higher risk, such as equities and the euro. pot gold was at $1,634.24 an ounce at 1355 GMT, 0.4% below levels at which it traded late in New York on Wednesday but off an earlier high of $1,654.55.

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Added on October 12, 2011, 10:39 pmBrent crude fell on Wednesday, snapping five days of gains, after OPEC cut its global oil demand forecast and plans for greater powers for a euro zone bailout fund hit a snag, rattling investor confidence. U.S. crude on the New York Mercantile Exchange was down 37 cents to $85.44 a barrel, after slipping as low as $84.52.

This post has been edited by Eye-Hub: Oct 12 2011, 10:39 PM