Commodities Move Sideways ahead of US Session

By International Business Times,  November 27, 2012, 10:16:22 AM EDT

Commodities moved sideways in European sessions, although the debt agreement of Greece sent stocks higher. Gold price continued hovering around 1750, lacking the momentum to climb higher as physical demand remained weak with the drop in Indian buying. Oil prices also changed little as investors continued to concern about the US fiscal cliff. After all, the Greek deal does not mean that the debt-ridden country would be able to meet the preset fiscal targets, let alone resolving the sovereign debt crisis.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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