Sun, Oct 26, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commentaries, Market Moves more

Have commodity markets overreacted to Fed’s surprise lack of action?

Posted on 23 September 2013

Last week, the Federal Reserve declined to start the “tapering” of its quantitative easing (QE) effort. Contrary to widespread expectations, the US central bank kept its bond purchases steady at $85bn (£53bn) a month.
Commodities traders embraced the moves. Gold prices rallied in the wake of the Wednesday announcement, with the yellow metal jumping 4.1pc to $1,364 an ounce, its biggest gain in over a year. Silver rose even more strongly, by 5.5pc………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031