Markets

Commodities: Gold and Oil Remain Focused on Fiscal Cliff Concerns

Commodities continue to look toward news-flow from Washington, DC for direction cues as traders await a resolution to the US "fiscal cliff" fiasco.

Talking Points

  • Commodities Rise with Risk Trends Amid "Fiscal Cliff" Deal Optimism
  • Headline-Sensitive Market, Thin Liquidity Makes for Tough Conditions

Commodities continue to look to ongoing "fiscal cliff" negotiations playing out in Washington, DC for directional cues. Prices are on the upswing along with stocks amid hopes for an emerging deal in early European trade. S&P 500 stock index futures are pointing higher, arguing for more of the same as Wall Street comes online.

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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 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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