12.07.2013 - Don't fear end to QE3 if economy grows, commodity managers say
An end to U.S. monetary stimulus may not necessarily spell doom for commodity prices if a strong U.S. economic recovery boosts demand for oil and base metals, leading commodity managers say, but gold and silver are to be avoided. Commodities sold off heavily in June following signals from the U.S. Federal Reserve that it would wind down its stimulus programme, as long as the U.S. economy continues to improve. The shift in direction led to investors dumping bonds, a sharp rise in real interest rates and a stronger dollar - all of which clobbered commodity prices, particularly gold...............................................Full Article: Source
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