Commodities

Resources companies like BHP (+2.9%) and RIO (+2.5%) had a strong day with reasonable gains last Friday. Gold and copper closed weaker 0.80 and 1.11 percent respectively. Gold fell on the back of USD rebounding against Euro, while Copper slid from a four month high on renewed concerns that the recession will limit the demand for the metal used in wires and pipes. While on the upside was Oil edging over the US$50 mark ending at USD52.07.