17.07.2012 - Commodities may weaken on fading QE3 bets
Commodity prices are correcting lower in early European trade after Friday's sharp rebound in risk appetite. Sentiment-linked crude oil and copper prices followed share prices higher while gold and silver found a de-facto boost as the safe-haven US Dollar retraced downward. A quiet economic calendar in Europe turns traders' attention to the US docket. Expectations call for narrow improvement in the Empire Manufacturing gauge - the first of July's regional activity surveys to hit the tape - while Retail Sales snap a two-month losing streak to post a narrow gain in June...............................................Full Article: Source
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