Markets

Crude Oil, Gold May Recover on US Recovery Hopes

Crude oil and gold may rise on improving risk appetite and swelling inflation expectations amid optimism about the resilience of the US economic recovery.

Talking Points

  • Crude Oil and Copper Sold on Chinese Data but Losses Likely to be Fleeting
  • Gold, Silver Have Scope to Recover as Inflation Expectations Swell Again

Crude oil and copper are trading lower in the wake of a disappointing set of Chinese economic data released over the weekend. Beijing reported that the year-on-year CPI inflation rate unexpectedly accelerated to 3.2 percent in February, the highest in 10 months. Meanwhile, Industrial Production posted its weakest increase since October 2009 while Retail Sales advanced the least since January 2005 over the same period.

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.

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