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Markets

Commodities Review: The Gold Train

Gold broke through the $1400 mark and set a new all time just shy of $1413 an ounce. Continued Gold price momentum indicates that investors are concerned that forecasts for economic growth are driven by inflation expectations as oppossed to real growth. Secondly investors around the globe are reacting to what some are calling 'Quantatative Stealing' to describe the new round of Quantatative Easing by the Federal Reserve.

The concern is that the printing of money by the Federal Reserve designed to create inflation and growth in the US economy is robbing US dollar holders of the value of their money and savings, this is a factor driving Gold prices and other commodities higher. Crude Oil is trading just below $87 a barrel as Wheat, Cotton, Coffee, Sugar all broke above recent highs today and Corn and Soybeans remain just below recent highs.

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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Commodities