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Crude Hits a Multi-month High as Markets Buoyant Globally

COMMODITIES

Echoing the sentiment seen across equity and fixed income markets, energy products rallied Tuesday, with WTI and Brent crude futures adding to recent gains and reach new mulit-month highs. WTI crude futures rose above the $45/bbl mark for the first time since March.

Spot gold fell sharply, extending the week's losses to close to $75/oz. This narrows sharply the gap with spot gold and nearest major support at the $1797.13 200-dma - a level last crossed in March.

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