03.08.2011 - RBA commodity price index hits fresh high
The Reserve Bank's index of commodity prices edged up 0.9 per cent in July, from June, to a fresh all-time high as rising prices for gold and thermal coal augured well for export earnings. That gain followed an upwardly revised increase of 1.7 per cent in June. The index was up 28 pe rcent in special drawing right (SDR) terms, compared with July last year, thanks mainly to increases in iron ore, coking coal and thermal coal export prices..............................................Full Article: Source
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