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Commodities Brief – Precious metals rally, silver retakes 27.00 level

FXstreet.com (Barcelona) - Gold prices made a comeback Friday after the release of lackluster US economic data earlier today. American trading was seen staunchly in the red, which created an impetus for the yellow metal. After multiple days of notable losses, gold prices are now trading at USD $1566.71 per oz. presently, slightly off its highs in the 1570 region.

Silver makes failed attempt at 27.00
The price of silver left investors with atleast something of note going into the weekend – the retest and ultimate summit of the 27.00 level earlier today. It was not that long ago that the white metal was testing 29.00, however the calendar week has proven unkind to precious metals. At the time of writing, silver spot prices are negotiating a price of USD $27.07 per oz.

Crude holds above 92.00 level
WTI Crude oil managed to avert any sweeping movements Friday, following what has been an uneven day across the US economy. With crude prices nothing a stark weekly decline, the price presently trades at USD $92.35/bbl in these moments.

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