Crude oil fell today on speculations that the conflict in Iraq did not have a big impact on supply. A breakaway
Gold was able to rise today, erasing earlier decline, as the dollar fell, pushing up commodities priced in the US currency. Specialists do not think that the precious metal will able to hold onto gains for a long time as this week’s economic reports from the United States, nonfarm payrolls being the most important of them, will be supportive for the greenback. For now, though, the Commitment of Traders report demonstrates that global funds are still favor the long side. August futures for delivery of gold advanced 0.58 percent to 1,326.50 per troy ounce on COMEX today.
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