Commodities are up across the board this morning |
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Commodity news MosCommodities are up across the board this morning. Notably gold has broken through USD1,100, thereby reaching yet a new record-high following a slightly disappointing payroll reading on Friday; bullion continued to surge in Asian trading overnight. The sustained surge in bullion no longer seems entirely driven by dollar weakness (see chart); other factors must be at play as well. Speculation that other central banks may follow India in diversifying reserves into gold,
Filed under: Technical
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