23.03.2009 - Weak $, investments to push gold higher; crude buoyant
From Thehindubusinessline.com: Commodity markets have yet again lived up to their reputation for volatility with macroeconomic developments, rather than demand-supply fundamentals, providing a boost in the last few days. After languishing at relatively low levels, commodity prices, led by crude, have begun to move up. The Fedís surprise decision to announce quantitative easing - buyback of government debts - has had a profound impact on the dollar which has dramatically weakened, while the equity market has begun to move up.....Full Article: Source
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