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News Wire / economy

Commodity Resource Stocks Fall Over 5 Percent

SAfm Johannesburg 59d59d Impact 5
Commodity resource stocks declined by more than 5 percent today. The drop was driven by weaker prices for gold, platinum, and palladium. Oil prices were the only commodity in the sector that did not move to the downside.

Topics

stocks commodities gold

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Sources · 7 independent

SAfm

“on the markets front, the commodity resource stocks down more than 5% today of weaker gold prices, platinum prices and even palladium prices.”

SAfm

“the commodity resource stocks down more than 5% today of weaker gold prices, platinum prices and even palladium prices. The only thing really not moving to the downside in that space is the oil price.”

SAfm

“You'll typically see, pressure on inflation, pressure on inflation is gonna give us rates higher for longer, giving us a stronger dollar, ultimately ending up in weaker resources.”

SAfm

“volatility being created by the fact that the United States and the Middle East tensions continuing despite the fact that we've heard on numerous occasions out of Washington that we are close to a ceasefire.”

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