Commodities: Crude ends lower after highs
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Crude ended the session on Friday lower having reached a new high earlier in the day.
Crude oil for April delivery reached an intraday high of $106.54 a barrel but eventually settled down 32 cents to $105.15.
The rise was initially instigated by the dollar's early fall to new lows against the euro, prompting investors to switch their money to commodities.
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But a bout of profit taking was instigated on recession fears as the government's employment report for February came in weaker-than-expected.
Gold also erased initial gains to finish lower on Friday as funds sold bullion for liquidity. April delivery fell $2.90 to close at $974.20 an ounce
Platinum and palladium contracts also pulled back sharply on US recession fears.
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