Commodities Rise amid Strong Economic Data in China

Commodities edged higher in European session as driven by robust Chinese macroeconomic data. The front-month contract for WTI approached 92 though near-term resistance at the level remained quite strong. Precious metals rose with gold and silver climbed modestly higher. Platinum surged to highest level in more than 2 years while palladium price jumped to a new decade high. Weakness in the USD has also helped commodity prices.

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Commodities Rise amid Strong Economic Data in China