Commodities Remain Strong as Fed may Add Easing Measures

Market sentiment was not dampened by disappointing US' employment report last Friday. Rather, equities and other risky assets rallied amid speculations that the Fed will accelerate monetary easing to boost growth. Commodities remained firm in Asian session on Monday. The front-month contract for WTI crude oil price edged higher to 89.6 while the benchmark contract for gold continued trading above 1400. Asian bourses strengthened as Fed chairman Ben Bernanke said further easing is possible as employment conditions remained fragile.

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Commodities Remain Strong as Fed may Add Easing Measures