Commodity Blog

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Stimulus from Central Banks Helps Gold to Maintain Rally Posted: 12 Mar 2013 04:18 PM PDT Gold rallied today as the European economy continued to struggle, fueling speculations that the European Central Bank will maintain its accommodative monetary policy. The Bank of England will likely do the same as macroeconomic data from Great Britain was not good. Both industrial and manufacturing production declined in January, according to today’s report. Monetary stimulus of central banks is usually beneficial for the precious metal. Gold extended yesterday’s rally, [...]

Prospects for Record Harvest in Brazil Hurt Soybean Prices Posted: 12 Mar 2013 01:52 PM PDT Soybeans fell today on speculations that supply from Brazil will increase as the country may produce a record harvest. According to analysts, 48 percent of Brazilian crop was gathered as of March 8th. This is compared to 46 percent in the same period last year. The US Department of Agriculture predicted that Brazil may gather 83.5 million metric tons of soybeans. The South American country may replace the United States as the biggest [...]

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