Commodities continued to trade narrowly ahead of the US session. Following the retreat after failing to touch 1300, gold moved sideways at around 1280. John Paulson, while owning only 2% of gold in the hedge fund he manages, indicated appeal for gold remains. According to Paul, “while the Fed has printed a lot of money, there is very little inflation.
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Crude Hovers at High Levels as Supported by Decline in Inventory
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