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Commodities Briefing - Categorized | Market Moves, Price Watch more

Weak $, investments to push gold higher; crude buoyant

Posted on 23 March 2009

From Thehindubusinessline.com: Commodity markets have yet again lived up to their reputation for volatility with macroeconomic developments, rather than demand-supply fundamentals, providing a boost in the last few days.

After languishing at relatively low levels, commodity prices, led by crude, have begun to move up. The Fed’s surprise decision to announce quantitative easing - buyback of government debts - has had a profound impact on the dollar which has dramatically weakened, while the equity market has begun to move up…..Full Article: Source


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


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