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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Bearish trend in gold; all eyes now on US

Posted on 14 October 2013

The US debt ceiling and budget stand-off has begun to generate concern. So, this week assumes heightened importance. Although there is hope the debt ceiling issue may be resolved before October 17, if the fiscal impasse continues, it is possible that the Fed tapering may be again postponed to next year.
However, if an agreement is reached, the market will focus on the strength of the US recovery; and assets that are leveraged to an improving US economy should outperform, according experts. In the LME week gathering in London, there were no clear signals where the metals markets were headed………………………………………..Full Article: Source


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VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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