Softer Manufacturing Activities Sent Commodities Lower
LorieFuller31Commodities remained under pressure in European session as investors were disappointed by the Fed and weaker-than-expected manufacturing data in China and the Eurozone. Crude oil prices slipped further with the front-month WTI contract breaching the 80 level at one point and hovering above 80 currently. The equivalent Brent crude contract lost for the 4th straight day with the price approaching 90. Gold fluctuated around 1600 as price has been pushed and pulled by the absence of QE3 and the Eurozone outlook.
Originally posted here:
Softer Manufacturing Activities Sent Commodities Lower
