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Commodities may weaken on fading QE3 bets

Posted on 17 July 2012

Commodity prices are correcting lower in early European trade after Friday’s sharp rebound in risk appetite. Sentiment-linked crude oil and copper prices followed share prices higher while gold and silver found a de-facto boost as the safe-haven US Dollar retraced downward.
A quiet economic calendar in Europe turns traders’ attention to the US docket. Expectations call for narrow improvement in the Empire Manufacturing gauge - the first of July’s regional activity surveys to hit the tape - while Retail Sales snap a two-month losing streak to post a narrow gain in June………………………………………..Full Article: Source


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