Gold Surges, Commodities Break Higher as Recession Risks Loom

Commodities continued to be bought because of the weaker dollar. Crude prices lifted 3%, with WTI and Brent closing at $77 and $81.2. The Bloomberg Commodity index added 0.8% to 97 and broke out above near-term resistance, which favours further upside extension (see below). Gold held near the record highs at $2545 while silver added […]