03.09.2013 - Chinese data underpins gold, oil
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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