Commodities Firm While Equities Fall
BonTradeCommodities were generally firm after strong European confidence data and bigger-than-expected decline in initial jobless claims in the US. WTI crude oil price rebounded strongly and pared most of the losses made over the past 2 days amid USD's weakness. The front-month contract surged to as high as 78.89 before closing at 78.36, up +1.78%. Natural gas rallied as gas storage rose less than expected in the US while gold price also climbed higher and settled at 1168.4, up +0.69%.
Go here to see the original:
Commodities Firm While Equities Fall
