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Commodities Brief – Gold trades at 1600, silver falls below 28.00

FXstreet.com (Barcelona) - Gold prices were virtually unchanged Monday, during heavily muted trading following the Easter holiday weekend. The yellow metal is presently trading sideways, having touched the 1600 mark in recent minutes. In these moments, gold spot prices are trading at $1599.44 per oz., evidently unable to break out of this consolidation in the absence of any pricing catalysts.

Silver breaks 28.00
The white metal experienced a far more negative session, following a movement lower that left it briefly falling below the 28.00 barrier/support. Having recovered slightly off its lows (27.89) during US trading, silver now trades at just USD $27.98 per oz. Monday.

Crude cannot breach 97.00 level
WTI Crude prices continued to move sideways Monday, unable to break the 97.00 barrier, though also stubbornly refusing to lose its grip on the 96.00 mark. With many traders still off for the holiday weekend, the price of crude has settled at USD $96.37/bbl at the time of writing.

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