Commodities Rise Moderately amid Mixed Outlook. Portugal Downgraded while Greek Auction Well-Received

Commodity prices continue to be influenced by macro events. Moody's lowered Portugal's credit rating by 2 notches to A1 with a 'stable' outlook as the government's 'financial strength will continue to weaken over the medium-term'. The downgrade reminded the market that sovereign crisis in the Eurozone is not over yet. This helps push gold price higher.

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Commodities Rise Moderately amid Mixed Outlook. Portugal Downgraded while Greek Auction Well-Received