Fundamental Review
US Gold rose for a third day on wednesday to hit record highs after the federal reserve signalled it stood ready to inject fresh cash into the economy, knocking the dollar and whetting investor appetite for bullion. US Copper firmed on wednesday on the back of a weaker dollar but the market looked top heavy after recent gains and investors were reluctant to press higher in the absence of chinese players and fresh impetus.
US Gold rose for a third day on wednesday to hit record highs after the federal reserve signalled it stood ready to inject fresh cash into the economy, knocking the dollar and whetting investor appetite for bullion. US Copper firmed on wednesday on the back of a weaker dollar but the market looked top heavy after recent gains and investors were reluctant to press higher in the absence of chinese players and fresh impetus.
News Highlight
- US Gold hits record high after fed rates signal.
- Oil rises above $75 as dollar weakens.
- Copper firms on dollar, china holiday limits gains.
- India Turmeric extends gain on demand; Jeera rebounds.
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