25-06-2012 10:53:30 (Extracted from UOB-KH Online News, Source: Reuters)
Commodities, which fell sharply last week on global growth fears, were firmer on Monday, with Brent crude oil gaining 10 cents to clamber back above $91 a barrel and copper bouncing 1 percent to around $7,383 a tonne. [O/R] [MET/L] Brent crude had fallen nearly 7 percent last week, while copper lost more than 2.5 percent.
Gold , which lost nearly 3.5 percent last week amid fears developed economies could be sliding towards deflation, firmed a touch to around $1,573.50 an ounce. [GOL/] But other assets linked to expected demand for commodities remained under pressure, with mining stocks such as BHP Billiton and Rio Tinto falling and the Australian dollar easing 0.3 percent to around $1.0020.
((To read Reuters Global Investing Blog click on http://blogs.reuters.com/globalinvesting ; for the MacroScope Blog click on http://blogs.reuters.com/macroscope) ((For the state of play of Asian stock markets please click on: <0#.INDEXA>))
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