FXstreet.com (Córdoba) - Commodities weakened on Monday as risk appetite eased after European officials attempted to lower expectations around the EU summit, boosting the Greenback across the board.
After peaking at $1,695 an ounce, gold erased intraday gains, losing near $15 and sliding to a low of $1,680 an ounce where the yellow metal is quoting at time of writing, virtually unchanged on the day.
Crude for December delivery dropped $2.26 or 2.6% from a 5-week high of $88.16 a barrel to a low of $85.89/bbl. At time of writing crude oil is around $85.95 per barrel, 1.67% below its Monday's opening price. Brent fell 1.77% to a low of $110.70 per barrel , having hit a 5-week high of $113.81 a barrel earlier on Monday.
