Australian Commodity Prices Rise In November

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Australia's commodity prices in SDR terms climbed 1.4% month-on-month in November after the revised 0.8% increase in the previous month, the Reserve Bank of Australia reported on Tuesday. The largest contributors to the rise were increases in the prices of gold, milk, powder, aluminium and copper, the central bank said.

In Australian dollar terms, commodity prices were estimated to have increased 0.6% month-on-month in November, rebounding from the revised 3.5% decline in October.

Australia's commodity prices in SDR terms climbed 1.4% month-on-month in November after the revised 0.8% increase in the previous month, the Reserve Bank of Australia reported on Tuesday. The largest contributors to the rise were increases in the prices of gold, milk, powder, aluminium and copper, the central bank said. (Market News Provided by RTTNews)