Weak USD Boosts Commodity Buying
BonTradeCommodities edge high in Asia session Monday as weakness in dollar boosted demand. WTI crude oil price climbs above 79 but remains below 80. Gold price remains firm after Friday's rally. Decline in the dollar has recently been driven by disappointing economic data which spurred worries over economic slowdown. Less-than-expected growth in 2Q10 GDP indicates that the recession is more severe than previously feared.
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Weak USD Boosts Commodity Buying
