Commodities Firmed after Holiday; Japanese Yen Weakened as Data Disappointed

Crude oil prices remained firm as the markets reopened after holiday. The front-month WTI crude oil rose for a 7th consecutive day, gaining +1.66% on Tuesday and +5.77% over the past week, and settled at 53.9, the highest close since July 2015. The Brent crude contract also gained +1.69% to settle at 56.06 for the day. Precious metals also climbed higher as US dollar consolidated. The benchmark Comex gold contract added +0.48% while silver rose +1.43%. For PGMs, the Nymex platinum and palladium contracts was up +1.22% and +2.89% respectively.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/commodities-firmed-after-holiday-japanese-yen-weakened-as-data-disappointed-2016122834031/