As the world moves towards the end of 2013, some of the uncertainties facing the global economy have turned less-pronounced. Global growth signals are picking up momentum and fiscal headwinds are moderating with many analysts looking for stronger growth in the US and Europe during 2014. Geopolitical tensions have somewhat eased with the announcement of an interim deal with Iran.
On monetary policy, especially the US Fed tapering, it is clearer than before that reduction in asset purchase would begin at the earliest. This week’s key data focus will be on the US labour report. But even before the turn of events, in recent months, commodities as an asset class have not been the most favourite. Investor appetite has been weak. Return on investment has been far from attractive………………………………..Full Article: Source