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Follow on Google News | U.S manufacturing and demand from China and India helped oil, gold and metal pricesAlbanian Minerals President Sahit Muja said "Demand for Iron ore, coal, oil, natural gas, aluminum , nickel, chrome ore, ferrochrome has sharp increase in China and India" .
Oil prices rose to $95 a barrel Monday in global markets supported by news that Greece will have a loan installment. Ministers from EU countries agreed over the weekend to pay Athens a euro 12 billion . This loan also helped the euro and weakened the dollar, supporting oil prices, to go up the dollar makes oil cheaper for investors with other currencies. Gold prices rebounding due to an improving economic outlook after a U.S. index showed the manufacturing sector expanding briskly in June. Spot gold is up $5.90 from the late-Friday level. Spot silver was trading at $33.93/oz, up 8 cents from its previous close. Platinum was up $4 at $1,719/oz, while palladium was up $2 at $759/oz. The U.S. manufacturing also raised hopes of strong economic growth in the world's largest oil consuming nation. China and India oil, coal and metal demand has a sharp increase the past tow years. Gold and silver demand in China and India has soared to the highest levels in the history Also the cooper demand has witnessed similar trends. Demand for Iron ore, coal, oil, natural gas, aluminum , nickel, chrome ore, ferrochrome has sharp increase . Albanian Minerals President Sahit Muja said " Increasing oil, coal and metal consumption this year reflects China's and India's industrial and economic boom". Albanian Minerals New York # # # Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe End
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