Crude oil and gold may rise on improving risk appetite and swelling inflation expectations if a supportive Fed Beige Book survey boosts US recovery hopes.
- Crude Oil and Copper to Follow Stocks Higher on Upbeat Fed Beige Book Survey
- Gold, Silver to Rise as US Recovery Hopes Coupled with QE Boost Inflation Bets
Commodities are in consolidation mode in European trade as traders wait for a clear catalyst to spark directional momentum. The trigger may come from the Federal Reserve's Beige Book survey of regional economic conditions. A supportive tone mirroring the improvement in US economic data over the past month may boost hopes for resilient recovery in the world's largest economy in the face of strengthening fiscal headwinds following the triggering of "sequester" spending cuts last week.
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