| The Reserve Bank of Australia's (RBA) index of commodity prices fell by 1.0 per cent (on a monthly average basis) in terms of special drawing rights (SDRs). That followed a fall of 0.2 per cent in November, revised from a small increase, according to the preliminary estimates from the central bank.
The RBA said the price of gold exports headed downward, as did the export prices of coking coal and iron ore which are adjusting to lower spot and contract prices. Despite the recent falls, the SDR measure of commodity prices was still up by 11 per cent from a year earlier...............................................Full Article: Source
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