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COMMODITIES

Prices track China's currency action

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Oil and base metal prices, already hit by oversupply and sagging demand, suffered a fresh blow last week as China shocked markets by devaluing its currency.

London

OIL and base metal prices, already hit by oversupply and sagging demand, suffered a fresh blow last week as China shocked markets by devaluing its currency.

But gold and other precious metals managed to rise over the week.

  • OIL

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