20.09.2013 - Fed tapering and commodities
As the Fed considers announces the delay of QE tapering Edith Southammakosane, senior analyst at ETF Securities, explains what this means for commodities. ďThe Fedís decision to maintain its existing policy surprised the audience yesterday as the market expected tapering to start this month. Most asset classes immediately reacted positively to the announcement. The S&P 500 rallied nearly 1% while Eurostoxx 50 jumped 1.3%. Commodity prices also saw immediate gains, with the price of gold surging 3.8% and the price of copper gaining 1.2%.............................................Full Article: Source
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