USD Strengthens amid Tapering Speculations, Sending Commodities Lower

4 November 2013 4 November 2013

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Commodity prices plunged as the US dollar strengthened. The benchmark Comex gold contract is prone to drop for a third consecutive day after falling to a 3-week low of 1305.6 last Friday. Crude oil prices remained pressured with the front month WTI contract trading around 94.7, a level not seen since June.