tradingfloor.com Weekly Commodity Update Video - 14/07/11
- 13 years ago
Grains higher on dry weather; Gold up on QE3 hint and Euro debt concerns
http://video.saxobank.com/
Grains, and in particular wheat and corn led commodities higher due to a bout of unusually hot and dry weather in the U.S. The weather also benefitted natural gas as more Americans turned on air conditioning to cope with the heat. Meanwhile, gold rose as investors sought a safe haven due to the hint of more monetary stimulus in the U.S. (in the form of a third quantitative easing initiative by the Federal Reserve) and on renewed Euro debt concerns, with Italy especially in the spotlight.
For more thought-provoking market commentary, interviews and news visit http://video.saxobank.com/
http://video.saxobank.com/
Grains, and in particular wheat and corn led commodities higher due to a bout of unusually hot and dry weather in the U.S. The weather also benefitted natural gas as more Americans turned on air conditioning to cope with the heat. Meanwhile, gold rose as investors sought a safe haven due to the hint of more monetary stimulus in the U.S. (in the form of a third quantitative easing initiative by the Federal Reserve) and on renewed Euro debt concerns, with Italy especially in the spotlight.
For more thought-provoking market commentary, interviews and news visit http://video.saxobank.com/