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Commodities may continue to rise as US Data flow improves

Posted on 19 October 2012

Gold and silver may continue to rebound as improving US economic data stokes inflation-hedge demand while crude oil and copper capitalize on a weaker Dollar. The focus remains on the US economic calendar, where October’s Philadelphia Fed gauge of manufacturing activity and September’s Leading Indicators composite are on tap. Improvements are expected on both fronts.
This may further buoy gold and silver as signs of a pickup in US growth against a backdrop of ultra-loose Federal Reserve monetary policy drive inflation-hedge demand for precious metals………………………………………..Full Article: Source


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VRS - who has written 39872 posts on Opalesque Commodities Briefing.


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