Commodities Change Little Despite Strong Asian Eco Data
BonTradeGold and oil prices recover a tad after falling on Friday. Gold edge higher after the sharp fall on Friday as the decline triggered physical buying interests. Currently trading around 79, the front-month WTI crude contract has reached the top end of recent trading range and we see little catalyst in the near-term to push price above it. The major problem in the oil market is still sluggish demand. In the US, while utilization rate has jumped dramatically, demand for oil products remains subdued.
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Commodities Change Little Despite Strong Asian Eco Data
