Commodities Fall Further as Corporate News Disappoints
BonTradeOil prices, usually trading in line with stock markets, dipped with the front-month WTI crude contract hovering around the lowest level in a week while the equivalent Brent crude contract continued moving choppily within a range of 115/120. Gold moved sideways but stayed at elevated level of above 1600. As the stalemate of US debt ceiling has helped gold's rally this week, a retreat or a correction is likely should lawmakers reach a deal by the August 2 deadline.
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Commodities Fall Further as Corporate News Disappoints
