23.09.2013 - Have commodity markets overreacted to Fed’s surprise lack of action?
Last week, the Federal Reserve declined to start the “tapering” of its quantitative easing (QE) effort. Contrary to widespread expectations, the US central bank kept its bond purchases steady at $85bn (£53bn) a month. Commodities traders embraced the moves. Gold prices rallied in the wake of the Wednesday announcement, with the yellow metal jumping 4.1pc to $1,364 an ounce, its biggest gain in over a year. Silver rose even more strongly, by 5.5pc......................................Full Article: Source
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