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Commodities head deeper into the red

Jul. 22, 2015 4:39 AM ETGLD, IAU, UCO, USO, OIL-OLD, GTU, DBO, DGL, USL, DGP, DZZ, DGZ, UBG, DTO, OLO-OLD, SCO, UGL, GLL, DNO, SGOL, PHYS, BNO, AGOL, UGLDF, DGLDF, UWTI, DWTI, OUNZ, GYEN, GEUR, GLDI, QGLDX, SZOXF, OILBy: Yoel Minkoff, SA News Editor35 Comments
  • Commodities are taking another beating, as anticipation of a Fed rate hike and the dollar's strength, as well as soft global growth and a supply glut weigh on demand for raw materials.
  • Gold fell on Wednesday for a seventh session in eight, reflecting sustained downward pressure on the metal days after its steepest drop in almost two years. Gold -1% to 1092.80 an ounce.
  • Crude futures are also heading south, amid speculation weekly supply data due later in the session will show U.S. inventories rose unexpectedly last week. Crude futures -1.4% to 50.17/bbl.
  • ETFs: GLD, USO, OIL, IAU, UCO, PHYS, UWTI, SCO, SGOL, BNO, DBO, UGL, DWTI, DGP, GTU, GLL, DTO, UGLD, DZZ, USL, GLDI, OUNZ, DGL, DNO, DGZ, DGLD, AGOL, OLO, SZO, GEUR, UBG, GYEN, OLEM, QGLDX

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