Resource Market Weekly Recap
On Monday, gold hit a 5-week high of $1161.50 on a sinking dollar, but lost ground Tuesday closing at $1151.10 in New York. Gold dropped to $1127 an ounce on Wednesday, but Thursday saw gold prices moving higher, touching $1147 an ounce in New York afternoon … Like most commodities, molybdenum suffered huge price declines after the global economic crash sent markets reeling. But there are signs that the moly market may be healing. Prices are rising on increasing demand. …
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