Financial Times FT.com

Crude slides but gold holds $1,000 mark

By Chris Flood

Published: October 1 2009 09:33 | Last updated: October 1 2009 22:49

Oil prices struggled on Thursday after a strong jump in the previous session but gold held the $1,000 level as commodity markets made a tentative start to trading at the start of the final quarter of 2009.

However, Michael Lewis, commodities strategist at Deutsche Bank, said that strong global growth and new lows for the US dollar should sustain the bullish outlook for commodity prices next year.

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