Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Commentaries, Trends more

Commodities rally; now, all eyes on Fed meet in December

Posted on 23 September 2013

As widely expected, the big news last week was about FOMC meeting and anticipated start to tapering of asset purchase; but as it turned out, it was a big surprise with the Fed’s unexpected decision to stick to its $85 billion a month stimulus programme.
It proved to be a positive boost to commodity markets with price gains virtually across the board. There was huge short-covering rally. Precious metals were the biggest beneficiaries. Base metals followed suit, while crude made modest gains. The US dollar weakened………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031