Weekly Fundamentals – Fed’s Tapering Weighed on Gold but Boosted Crude

The focus last week was undoubtedly Fed’s announcement of the beginning of QE reduction from January 2014. The immediately impacts on commodities were divergent, lifting crude oil prices amid expectations of demand improvement but pressuring precious metals as the US dollar strengthened and the 10 year Treasury yields increased.

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Weekly Fundamentals – Fed’s Tapering Weighed on Gold but Boosted Crude