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Commodity Update: Weak Dollar Drags Commodities Lower
Saxo Bank's Ole Hansen explores macroeconomic factors driving the commodity markets. Also, he looks at the Reuters CRB index that's broken some key technical indicators.
Gold holds its ground due to risk aversion in the market.
Crude's recent break through USD 80 mark was short-lived, amids signs of lower demand from the US and China.
Bumper wheat crops from US and Australia damp the surge due to the Russian ban on exports.
Copper, a leading economic indicator, shows signs of weekness after a 25% rally in June.
06:56 minutes
Tags: copper, crop, crudeoil, exportban, forex, gold, oil, reuters, russianban, russianwheatcrisis
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