| Commodity prices felt the impact of a jump in the dollar to a four-week high, with oil, gold and wheat prices leading the decline. ICE July Brent, the international oil marker, fell more than 2.5 per cent to a low for the month below $64 a barrel. Gold fell almost 2 per cent to a two-week low of $1,185.35 a troy ounce, while CBOT July wheat fell more than 3 per cent.
The US currency has strengthened since comments by Janet Yellen, Federal Reserve chairwoman, on economic growth last week. The dollar index rose more than 1 per cent on Tuesday, with further support coming from better than forecast US consumer confidence data.........................................Full Article: Source
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