Markets

Crude Oil, Gold to Rise if Service-Sector ISM Beats Expectations

Crude oil and gold are likely to rise on risk appetite and rising inflation expectations if the ISM gauge of US service-sector activity surprises to the upside.

Talking Points

  • Crude Oil, Copper to Push Higher if Service-Sector ISM Reading Outperforms
  • Gold and Silver to Rise on Inflation Bets as Fed Keeps QE While US Data Firms

Sentiment-linked crude oil and copper prices are pushing higher amid a broad-based recovery in risk appetite across financial markets. The chipper mood follows significant increase in government spending in China's 2013 budget, lifting hopes for acceleration in the world's second-largest economy and key commodity consumer.Supportive PMI figures from the UK and the Eurozone seem to have helped as well.

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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