Commodities Declined As Risk Appetite Reduced

20 November 2009 @ 08:15 am EDT

Despite encouraging macroeconomic data, broad-based declines were seen in high-yield assets including commodities and equities. Investors worried that recent rallies have been overextended and have outpaced improvement in global economies. WTI crude oil plunged to -2.7% to settle at 77.46 after failing to test 80 while Comex gold slid to as low as 1130 before recovery. The benchmark contract ended the day at 1141.9, almost flat from the previous day.

Oil and Gold Reports contributed by Oil N' Gold

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