Commodity Blog

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Europe’s & US Debt Problems Weaken Crude Oil Posted: 21 Jan 2013 11:48 AM PST Crude oil declined today as debt issues in the European Union and the United States deterred investors from buying riskier assets, including commodities. Previously, crude reached the highest level in four months. The problems in Europe were overshadowed by US debt talks and political clashes, but that does not mean they have gone away. Some economists think that the situation is deteriorating even after the European Central Bank [...]

Gold & Silver Rally on Anticipation of QE from BoJ Posted: 21 Jan 2013 10:26 AM PST Gold rallied today, trading near the highest level in a month. Silver also gained, heading to the longest rally in a year. The metals advanced on expectations of quantitative easing (QE) in Japan. The Bank of Japan started its two-day meeting today and will announce its monetary policy decision tomorrow. It is widely expected that the central bank will yield to demands of the new government and will ease its monetary policy further. QE [...]

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