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Commodities enhance record as ’shutdown resistant’

Posted on 18 October 2013

Commodities’ price resilience to the US government shutdown has enhanced their record as assets relatively immune to such “drama”, Societe Generale said – amid worries about a repeat of the budget impasse. Commodity markets proved “largely indifferent” to the political gridlock which shut large parts of the US government for more than two weeks, the bank said.
Their September weakness - which was attributed to the removal of risk premium injected into energy markets during the height of the Syria crisis – eased off “despite the strengthening dollar and the direct loss in US economic growth”………………………………………..Full Article: Source


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