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Gold, other precious metals and base metal commodity futures have been rallying for two straight days as a result of the U.S. Federal Reserve announcing $600 billion worth of quantitative easing on Wednesday, according to the Financial Times. London saw spot gold prices increase during early trade on Friday, rising to a record high of… Read more.
The U.S. central bank's quantitative easing helped commodity futures rise to their highest level in two years, Bloomberg reports. Demand for raw materials as a hedge against inflation is one offshoot prompted by the Federal Reserve infusing the world's largest economy by announcing yesterday it would purchase $600 billion worth of assets. The Standard &… Read more.
Traders backed away from precious metals as well as base metals on Wednesday, as the day of reckoning – the Federal Open Market Committee meeting – draws ever closer. "The longer-term question will be on how much of the Fed’s action has already been priced in," Tom Pawlicki, an analyst at Chicago's MF Global Holdings,… Read more.
Amidst the roaring investment demand for precious metals like silver and gold, it can be easy to forget that another, significant portion of the market relies on these metals for manufacturing and consumer goods. India, the world's largest consumer of gold and one of the largest of silver, buys thousands of tons each year for… Read more.
Investors in commodities futures may want to keep an eye on the Chinese economy as they decide which, if any, materials will present solid opportunities in the coming months. Rising industrial production in emerging nations has accounted for a growing percentage of the demand for a wide variety of metals and other materials that are… Read more.