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| Industrial Metals Rally as Fed Announces More Stimulus Posted: 12 Dec 2012 05:19 PM PST Industrial metals rallied on the London Metal Exchange after the Federal Reserve implemented additional stimulating measures. The US central bank expanded its asset purchase program by $45 billion per month to $85 billion. The Fed said that the monetary policy will remain extremely accommodative as long as unemployment stays above the 6.5 percent level. Metals felt some pressure from negative macroeconomic data, including the increasing US trade [...] |
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