The US greenback tumbled on Friday from a 2-year excessive, accelerating a fall which started on Thursday after a report confirmed manufacturing exercise hit its lowest stage in virtually a decade.
In the meantime gold costs have been propelled greater, rising greater than 1% for a weekly achieve, propped up by the weaker US greenback.
Oil costs additionally rose extra then 1% on Friday however posted the most important weekly drop of the 12 months, pressured by rising inventories and worries in regards to the World financial system.
Hedge funds and cash managers lower their internet lengthy positions in U.S. Crude futures within the newest week.
The place are commodity costs heading subsequent? Watch Phil Carr at The Gold & Silver Membership overview Gold, Silver and Crude Oil with the newest worth forecast and predictions: