Commodities Brief – Commodities stalling the fall

FXstreet.com (Barcelona) - Gold printed today a fresh almost 3-year low in the spot price at $1220 in late NY session, trading last at $1230, while the CRB index, that tracks the 19 commodities most traded, ended the day in NY down -0.44% at 276.79 off fresh 2-year lows.

While Gold is down more than -5% for the week so far, Oil is unchanged from yesterday's Asia-Pacific open, and higher for the week by +1.74%, after a sharp V shape recovery from daily lows around the $93.4 mark, when the EIA inventories were released, showing stocks both in crude oil and gasoline were higher than expected.