Precious metals tick higher ahead of GDP reading

London, 31 July 2009 - Commodities and equities regained more upbeat sentiment yesterday following strong earnings reports, positive jobs data and good demand at the latest treasury auction. In addition the dollar lost ground ahead of today’s GDP reading, forecast to show the economy contracted just 1.4% in the second quarter compared with a previous reading of -5.5%. The DXY finished 0.4% lower while both the Euro and Yen are in positive territory this morning. The bounce in equities