23.09.2013 - Commodities rally; now, all eyes on Fed meet in December
As widely expected, the big news last week was about FOMC meeting and anticipated start to tapering of asset purchase; but as it turned out, it was a big surprise with the Fedís unexpected decision to stick to its $85 billion a month stimulus programme. It proved to be a positive boost to commodity markets with price gains virtually across the board. There was huge short-covering rally. Precious metals were the biggest beneficiaries. Base metals followed suit, while crude made modest gains. The US dollar weakened......................................Full Article: Source
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