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After Cyprus, commodities struggle for direction

Posted on 26 March 2013

The Cyprus bailout deal left commodities traders scratching their heads. On Monday gold fell, silver rose, and key industrial metals and energy commodities were mixed. The news that dominated trading talk was that Cyprus reached an agreement that it will allow it to get emergency bailout loans from other European countries. But traders weren’t sure what happens next.
Normally an agreement like that would give stocks and industrial metals a lift, because it eliminates the immediate fear of a country’s disorderly breakdown. But Monday, stocks across Europe and the U.S. fell. So did copper and palladium, which can gauge how investors feel about the economy since they’re closely tied to manufacturing and industry………………………………………..Full Article: Source


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