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25 Apr 2013
Commodities Brief – Precious metals surge, crude makes failed break at 92.00
The yellow metal has rallied substantially higher Thursday, surging past the 1445 upside mark en route to a daily maximum of 1455 at the onset of US trading. Following the release of upbeat US jobs data however, the price of gold has eased slightly back to USD $1452.43 per oz. in these moments.
Silver barrels ahead
The white metal has finally managed to outperform its golden counterpart Thursday, jumping steadfastly to the 23.84 (intraday maximum) level in recent minutes. At the onset of US trading, silver is now negotiating a spot price of USD $23.64 per oz. – off its highs but still entrenched in positive territory on the day after a lackluster week.
Crude cannot break 92.00
WTI Crude Oil has managed to pare some of its European gains Thursday, after a plunge off the 91.91 handle. A failed attempt at the 92.00 barrier at the onset of US trading has led to a pullback towards the USD $91.57/bbl in these moments.
Silver barrels ahead
The white metal has finally managed to outperform its golden counterpart Thursday, jumping steadfastly to the 23.84 (intraday maximum) level in recent minutes. At the onset of US trading, silver is now negotiating a spot price of USD $23.64 per oz. – off its highs but still entrenched in positive territory on the day after a lackluster week.
Crude cannot break 92.00
WTI Crude Oil has managed to pare some of its European gains Thursday, after a plunge off the 91.91 handle. A failed attempt at the 92.00 barrier at the onset of US trading has led to a pullback towards the USD $91.57/bbl in these moments.