Commodities climbed higher in European session as concerns about Ireland eased. Oil prices rose for a second day with the front-month WTI crude oil contract soaring to as high as 82.75. The contract slumped to a 1-month low of 80.06 2 days ago. Precious metals also gained with gold crawling to 1362.9 before easing to 1358. Despite characteristics as a financial asset, the yellow metal has displayed properties as a commodity these few days. Silver rebounded more strongly than gold, as it’s correction over the past few days was also more severe. In GFMS’s silver review, the agency forecasts the metal will continue to rise next year, with price averaging at $30.
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Precious Metals Rise with Silver Outperforming
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