03.01.2013 - Time for a commodity rally?
With the twin U.S. fiscal cliff and euro debt crisis worries out of the way, commodities get another boost as investors are now freer to focus on growth stories in economies such as China. A weaker U.S. dollar, stronger growth in China and the rest of Asia (yes, maybe even Japan), temporary relief from macro worries over the U.S. fiscal cliff and the euro debt crisis. . . could this be time for a commodity rally? Sure looked that way Wednesday with pretty much everything -- with the exception of natural gas -- moving up. The Brent crude benchmark price climbed 1.3%. Copper was up 2.2%. Gold rose 0.66%...............................................Full Article: Source
Print