Gold extended weakness yesterday and the benchmark Comex contract plummeted to 1361.6, the lowest level since November 29, before finishing the day at 1371, down -1.10%. A pressured euro continued to weigh on gold. Moreover, stronger-than-expected US data lifted stock markets and US dollar. However, it failed to boost commodities. While gold plummeted, oil prices also fell with the front-month WTI crude oil contract slipping -1.04 to 87.7.
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Commodities Slump as EZ Situation Highly Uncertain
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