Financial markets continued to be buoyed by Fed’s QE program. Stocks strengthened in Asian and European sessions in anticipation that the measure to buy more Treasury securities will help revive economic growth. USD weakened across the board, driving commodities and growth currencies higher. The front-month contract for WTI crude oil price soared for the 4th straight day and broke above 83 briefly. Gold price rose above 1360 while silver, platinum and palladium all advanced robustly. The focus today has turned to Europe where both ECB and BOE will meet today.
Continued here:
Commodities Strengthen as USD Falls Across the Board
Leave a Reply
You must be logged in to post a comment.