Oil prices change little as investors are cautious and worry about austerity measures in peripheral European economies will dampen economic growth. WTI crude oil price hovers around 70 while Brent crude trades at 71.6, flat from Friday’s close. Gold price rises for the first time in 8 days. The benchmark contract soars to 1184 in Asia as last week’s -7% decline from the record high has attracted buying interest. Other precious metals, silver, platinum and palladium also edge higher.
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Crude Changes Little Depsite Apparent Improvement in Risk Appetite
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