Crude oil prices are vulnerable as risk aversion grips financial markets anew while gold may find support as traders rethink the chances of an early end to Fed stimulus.
Talking Points
- Crude Oil and Copper Vulnerable as "Fiscal Cliff" Deal Optimism Dissipates
- Gold, Silver May Find Support as Traders Rethink Early End to Fed Stimulus
Cycle-sensitive crude oil and copper prices are under pressure in European trade with risk appetite on the defensive to start the trading week. A short lull in big-ticket event risk this week opens the door for investors to digest last week's volatility. On the docket to be reconsidered are the last-minute deal avoiding the "fiscal cliff"and December's FOMC meeting minutes.
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.
