14.12.2012 - Commodities’ Fed enthusiasm fades
Analysts are blaming the drop in gold and the dull action in oil futures on “buy the rumor, sell the fact” trading Thursday in the wake of the Federal Reserve’s bond-buying program announcement a day earlier. “Equities and the prices of many industrial commodities initially reacted positively, but the gains have faded as the focus has returned to worries about the U.S. fiscal cliff,” said Julian Jessop, head of commodities research at Capital Economics...............................................Full Article: Source
Print