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"The commodities sphere is in complete turmoil"

"The commodities sphere is in complete turmoil" "The commodities sphere is in complete turmoil" "The commodities sphere is in complete turmoil" "The commodities sphere is in complete turmoil" "The commodities sphere is in complete turmoil"

Developer-in-chief

As expected, gold jumped at the news and the US dollar fell.

According to Bloomberg, bullion rose 4.8% almost immediately to US$1,337 an ounce, before settling at$1,313/oz.