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Softer Greenback Favouring Core Commodities

COMMODITIES

A weaker USD so far Friday has favoured most core commodities markets, with WTI and Brent futures both in positive territory. Iron ore had a solid overnight session, with the China-listed contract adding 2.9% into the close. Gold is consolidating. The metal remains in a clear downtrend and short-term gains are considered corrective. Support at $1727.8, Aug 22 low has recently been breached to confirm a resumption of the bear cycle that started Aug 10.


  • WTI Crude up $0.9 or +1.08% at $84.38
  • Natural Gas up $0.15 or+1.9% at $8.065
  • Gold spot up $19.71 or +1.15% at $1728.03
  • Copper up $9.65 or +2.74% at $362.5
  • Silver up $0.39 or +2.09% at $18.9127
  • Platinum up $8.68 or +0.98% at $890.71

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