Crude oil and gold prices may find fuel to continue higher as a dovish turn at the ECB buoys risk appetite and weighs on haven demand for the US Dollar.
- Crude Oil, Copper May Rise with Stocks if ECB Rate Decision Yields Stimulus Clues
- Gold and Silver to Find De-Facto Support in Risk Appetite as US Dollar Turns Lower
Commodities are on the upswing in the wake of dramatically better-than-expected Chinese export figures . December's report showed overseas sales rose 14.1 percent year-on-year, nearly tripling forecasts calling for a 5 percent increase and buoying global recovery bets. The risk-on mood may get a further boost from the ECB interest rate decision.
Read More on International Business Times