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Gold broke through $1,350 an ounce.

Top Daily News

8/16/2016

Gold broke through $1,350 an ounce.  Gold futures edged higher Tuesday, logging their largest one-day gain in weeks as a drop in the dollar and a decline in the U.S. stock market boosted investment interest in the metal.

Oil futures moved higher Tuesday, with prices hitting a fourth-straight session gain.  Oil finding support from a lower U.S. dollar as traders continued to ponder the likelihood of an output-freeze agreement by major producers next month.

The Agriculture Department forecast U.S. corn production to total a record 15.2 billion bushels, while the soybean crop is expected to come in at a record 4.06 billion bushels. Wheat production is forecast at 2.32 billion bushels, up 13% from 2015.