Commodities: Muted Trade Likely as Markets Wait for Fiscal Cliff News
Commodity markets are likely to see a quiet end to the short trading week as investors wait for cues from the weekend's fiscal cliff talks for direction cues.
Talking Points
- Commodities to See Muted Trade as Markets Wait for Fiscal Cliff News
- Last-Minute Budget Deal Likely to May Boost Crude Oil, Gold Prices
The spotlight remains on Washington, DC as financial markets return from the Christmas holiday, where US policymakers have a mere five days left to deliver a deal avoiding the so-called "fiscal cliff", a set of tax hikes and government spending cuts due to trigger at the turn of the year. The Congressional Budget Office ( CBO ) projects the jolt of austerity will tip the US back into recession.
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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.
