BullionVault – The Gold Price fell sharply against a strong US Dollar on Monday morning, falling through what one Asian dealer called "technical and psychological support at $942" to record the lowest Gold Fix so far this month at $937.50 an ounce.

Crude oil sank below $66 per barrel, while base metals and silver lost more than 3%.

Adding to Friday’s 0.7% loss despite news that France and Germany crept out of recession between April and July, world stock markets sank 1.4% early Monday on average – the biggest one-day loss in more than six weeks – after Japan reported 0.9% growth in its second-quarter GDP.

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Tags: base-metals, crude oil, early monday, gdp, germany, gold price, japan, monday-morning, ounce, psychological support, quarter gdp, recession, second-quarter, six weeks, world stock markets

 Bloomberg – Crude oil was little changed near $60 a barrel in New York amid concerns the global recovery has yet to take root, postponing a rebound in demand for fuel.

Hedge-fund managers and other large speculators reduced their net-long position in New York in the week ended July 7, according to the latest data from regulators. Stocks dropped from Dubai to Taipei and Treasuries rose on speculation that government rescue measures have not taken effect.

“Bearish sentiment in the market is persisting,” said Andrey Kryuchenkov, an analyst at VTB Capital in London. “It’s weak, so a move to $58.30 is possible, but we should consolidate around there.”

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Tags: bearish sentiment, crude oil, dubai, global recovery, hedge-fund-managers, london, measures, rebound, regulators, speculation, speculators, stocks, taipei, treasuries