Commodity Trade Mantra

Posts Tagged ‘Stock Index Futures’

Brace for a Correction in Gold, Crude Oil Prices on Pre-Positioning for FOMC

Souring sentiment may reflect pre-positioning ahead of next week’s potent news-flow – notably, the FOMC rate decision – with traders using a lull in high-profile event risk to book profits & move toward a more neutral posture. A broadly corrective tone may also bode ill for gold prices after the metal hit the highest level in three weeks. Crude oil prices & the S&P 500 too have declined.

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