| Research firm Capital Economics blamed the US dollar strength for taking the wind out of the sails of mining commodities last week. “With a few exceptions, the prices of industrial commodities have taken another hit … pressured by profit taking and renewed strength in the US dollar,” the firm said in a weekly note.
Separately, the European Central Bank’s decision to keep interest rates on hold last Thursday hurt gold and silver. Though the ECB suggested asset purchases and potentially a rate cut could come at the September meeting...............................................Full Article: Source
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