Mixed US data and Strong Dollar Weighed on Commodities

5 March 2010 5 March 2010

BonTrade

Crude oil price, which has been macro-driven recently, plunged Thursday as US data showed mixed economic development. Although price had briefly broken below 80 (intra-day low 79.7), the front-month contract managed to close 80.21, down -0.8%. Gold also plunged, in tandem with other commodities, as USD strengthened.