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Commodity ETFs rally as Federal Reserve defers tapering

Posted on 20 September 2013

Commodity ETFs rallied sharply higher on Wednesday after the US Federal Reserve (Fed) said it would leave its quantitative easing programme unchanged, a policy largely seen as supporting commodity prices.
Following comments from Fed Chairman Ben Bernanke in May, investors had priced in some degree of ‘tapering’, the term coined by the Bernanke to describe a gradual unwinding of the stimulus programme………………………………………Full Article: Source


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