Excerpt from: GFT Analysts in the News
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| July 17, 2008 | | Commodities futures rise in trading | Gold prices and oil prices are rebounding this morning after dropping initially.
Oil prices started the day lower, following yesterday's decline in commodities trading. However, as investors changed their minds about whether the size of the decline was warranted, it began to make a turnaround.
Gold prices are also on the rise today. Gold futures are rising, along with silver, as energy prices lead precious metals higher.
Chances are that these moves by gold prices and oil prices will affect the US dollar in forex trading, sending it lower, despite its gains earlier today.
| Topic Tags: commodities trading, forex trading, futures trading, gold futures, gold prices, oil pfutures, oil prices, spread bets commodities, US dollar | |
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