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Commodity weekly: Crude overshoots; silver the comeback kid
A very mixed week in commodities with two distinct developments attracting most of the attention. On top, we find the precious metal sector which rallied 3.8% amid the growing belief that interest rates around the world have peaked. At the other end, the prospect of a slowing economic outlook and ample supply helped send the energy sector lower by 2.6%, in the process reversing the bulk of the gains that were forced upon the market by unilateral production cuts earlier this year. The best performing commodities were the ones that in recent months had seen fading demand and increased short selling from investors, ... (full story)