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Commodities' sizzling summer may be fizzling

Slowing global economy, trade fights, geopolitical hostilities cited; but gold has been on a rally as risk elements click higher

Singapore

COMMODITY prices have been on the sizzle lately but pundits expect the rally to run out of steam - except for bullion, which spectacularly scaled a 14-month high on Friday.

The factors: A slowing global economy, trade skirmishes and mounting geopolitical hostilities, which are continuing to hold markets captive.

Some signs of that are already evident.

Oil prices came off the boil on Friday. Crude benchmarks Brent and West Texas Intermediate (WTI) had surged by over 2 per cent the previous day on supply-squeeze concerns following the attacks on two tankers near the strategic Strait of Hormuz. Ratcheting up tension further in the highly volatile region is the US, which has blamed Iran for...

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