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Commodities Brief – Silver surrenders 24.00 level, crude weakens below 96.00

Gold pushed slightly lower yesterday, however this remains confined within the same trading range among 1440.00-1485.00. Indeed, with all the action surrounding the Japanese yen, the yellow metal has played second fiddle. In these moments, the price of gold is trading at USD $1456.84 per oz., falling into negative territory on the day after a slight retreat during the European session. A breakout of this trading range is ultimately required to speculate on the next potential direction.
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