After the New Year party, the hangover begins. And so it was for those in the commodities markets, after Congress last week reached a deal to avoid the US falling off a “fiscal cliff”.
The last-minute agreement to avert the automatic slashing of spending and painful tax rises in the world’s biggest economy removed a major threat to global activity and, as a result, to demand for raw materials. Commodities markets rallied alongside everything else...............................................Full Article: Source
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