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Broad-based gains seen across the.......>

COMMODITIES
COMMODITIES: Broad-based gains seen across the board for commodity markets so
far Monday, with WTI and Brent crude futures up around 3% apiece, dragging the
likes of gasoline and heating oil with it. Precious and industrial metals also
benefiting, with gold above $1290 and platinum and palladium up over 0.5% each.
Commodities benefit from the slightly more benign outlook for Sino-US trade
tensions, with trade talks between the two scheduled to resume today. The
moderately weaker USD also helping buoy prices at these levels.
-WTI crude futures sit higher for the fifth consecutive session and a break back
above $50/bbl would open a move on the 50-dma at $53.89.
-Spot gold remains just below Friday's highs of $1298.60 but a rally through
here would open $1300 and the highest gold price since June last year.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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