SaxoTV

Hansen: Oil prices slip to 2003 levels but gold shines bright

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Oil prices continue to plunge and are now at their lowest since 2003. Saxo's Ole Hansen points to Wednesday's disappointing US inventory report that hasn't helped matters. It's recorded the biggest weekly inventory rise in gasoline since 1993. Continuing concerns about China are also scaring markets.   

Hansen says the biggest winner for commodities this year so far is gold, particularly priced in Chinese renminbi.