Commodities Rally as Fed's QE Appears More Likely

Weaker-than-expected job data in the US heightened speculations of additional QE from the Fed. The dollar slumped across the board while US 2-year Treasury yields dropped to record lows of 0.38% from 0.42% the previous day. Commodities and equities rallied. Gold soared to a new record high of 1351 before settling at 1347.7. Today in Asia, price has extended further to 1354.4.

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Commodities Rally as Fed's QE Appears More Likely