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Commodity prices expected to rise ‘markedly’ in 2013 – Commerzbank

Posted on 16 January 2013

Commodity prices could rise “markedly” this year on the back of a global economic recovery, said a German bank on Tuesday. Gold prices will rise in the medium-term, but now the metal is now being hampered by rising economic optimism and lower risk aversion. In the short term, prices could fall further. Inflation fears should pick up later this year as economies improve, supporting gold, said Commerzbank in a research note.
The expansive monetary policy of the central banks is also supporting demand for commodities, they noted. Central banks are likely to keep their interest rates low, which will support precious metals in particular………………………………………..Full Article: Source


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