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Commodities: Oil at Risk but Gold May Rise on US GDP, FOMC Outcomes
By: International Business Times
Crude oil and copper may fall as slowing US GDP growth and a dour Fed weigh on risk appetite. Gold and silver aim higher on returning anti-fiat demand.
- Crude Oil, Copper May Fall as US GDP, FOMC Outcomes Hurt Risk Appetite
- Gold and Silver Prices to Rise as Fed Plays Down Bets on Earlier Stimulus Exit
All eyes are on the US economic calendar, with fourth-quarter GDP figures are expected to show that output added 1.2 percent compared with a 3.1 percent increase in the three months through September 2012. This is swiftly followed by the FOMC rate decision.
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