Commodities and Forex Fundamental Analysis of Nov 21st 2012 By MBCFX
- European stock markets and the Euro dropped, after euro-zone ministers failed to agree on conditions to release the next tranche of aid for Greece.
- Crude oil extended its losses for today’s trading, to decline below the $87.00 level, due to worries about the economic outlook for the United States and Europe, also waiting for the ceasefire between Israel and Gaza.
- Gold prices rose on Asian trading today, to trade now at $1726 per ounce.
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