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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


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VRS - who has written 36130 posts on Opalesque Commodities Briefing.


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