CL
Crude Oil extended its recent downturn on Monday as the dollar surged to multi-month highs, amid continuing concerns of oversupply in global energy markets. On Monday, the United Nations Security Council unanimously approved last week's accord between Iran and a group of Western powers on a comprehensive nuclear deal. The lifting of longstanding, severe economic sanctions against Iran could allow the Gulf state to double its export level over the next year, WTI crude for September delivery traded between $50.40 and $51.60 a barrel before settling at 50.40, down 1.60%.
GOLD
Gold prices plunged more than 4 percent to five-year lows on Monday as gold futures contract down $48 to as low as $1,080 per ounce, its weakest since February 2010, As a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion's biggest rout in years.
