Commodities slump on stronger US dollar

METALS sunk overnight as the market continued to digest the comments made by the US Federal Reserve.

Commodities slump on stronger US dollar Commodities slump on stronger US dollar Commodities slump on stronger US dollar Commodities slump on stronger US dollar Commodities slump on stronger US dollar

Gold, which started this month at more than US$1900 an ounce, fell further to $1776.80/oz.

It fell as low as $1767.90/oz, the lowest since late April.

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