Scoreboard: Bright and shiny

Precious metals continued to gleam in the wake of the Fed's decision, though Wall Street was unmoved by rising jobless and home sales data.

Equities may have come off a little bit in the US but commodities continue to surge – gold spiked another $57 to $1365, silver surged another 6.9 per cent and copper was 2 per cent higher. All of course in the aftermath of the Federal Reserve’s decision to delay the taper. Only crude was lower, down 1.8 per cent to $106, but these are either technical or market specific moves. There’s certainly nothing I’ve seen that would otherwise have driven crude prices lower.


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