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Commodities will ‘drift lower’ as stimulus ends, UBS says

Posted on 13 April 2012

Commodities will decline this quarter as central banks in the U.S. and Europe refrain from adding further stimulus, removing the driver that helped to lift prices in the first three months, according to UBS AG.
“In the absence of further injections in the second quarter, we expect prices to drift lower,” analysts led by Hong Kong-based Peter Hickson said in an e-mailed report today. Crude oil, copper, nickel and cotton may decline, the report said………………………………………..Full Article: Source


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