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Commodity prices edge up in Feb

Posted on 02 March 2016

The decline in Australia’s export commodity prices was interrupted in February. Commodity prices rose by 1.2 per cent in foreign currency terms in the month, figures from the Reserve Bank of Australia show. The increase in February was driven by gold and iron ore prices, although base metals and rural goods also rose in February, the RBA said.
Despite the small rise, which followed a 0.7 per cent drop in January, the RBA’s commodity price index was still down by 22 per cent from a year earlier and by 55 per cent from the peak in mid-2011………………………………………..Full Article: Source


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