The Fed Gives a Boost to Commodity Bulls
Commodity market prices were rallying across the board Thursday morning, in the wake of Wednesday's proclamation by the U.S. Federal Reserve's Federal Open Market Committee that the central bank's monetary policy will remain very accommodative for at least the next two years.
Gold has led the raw-commodity sector higher, posting sharp gains in the immediate aftermath of the FOMC statement at midday Wednesday. Then gold prices showed important follow-through strength on Thursday to post a fresh seven-week high of $1,730.50 an ounce, basis the nearby February Comex futures contract....373 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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