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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Oil more

Chinese data underpins gold, oil

Posted on 03 September 2013

Crude oil turned positive and gold pared overnight losses in London on Monday as encouraging economic data from China provided a tailwind for prices. A positive tone prevailed in foreign exchange, with currencies in emerging markets and others perceived as risky bets such as the commodity-linked currencies of Australia and New Zealand gaining ground against the dollar.
Brent crude for October delivery gained 0.3% to $114.37 a barrel on ICE Futures Europe. U.S. crude markets are closed for the Labor Day holiday. Spot gold was down 0.4% at $1,389.90 a troy ounce………………………………………..Full Article: Source


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