Markets

Commodities: Crude Oil, Gold May Find Added Fuel in ECB Rate Decision

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.

Talking Points

  • 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

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


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

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