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Commodities up on Obama’s victory

Posted on 08 November 2012

Barack Obama’s re-election as the President of the United States has proved favourable for commodities markets amid hope that the recently announced third round of quantitative easing (QE3) for brining liquidity into the financial system would continue in future as well.
Prices of non-agri commodities started moving upwards since Monday afternoon when opinion polls in the US showed Obama’s possible win. Since then, prices of base metals, led by copper, shot up by two per cent, while gold hit a two-week high of $1,729 an oz………………………………………..Full Article: Source


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