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In The Lead – Graeco-Teutonic Wrestling

2012-01-30 20:01:47 (читать в оригинале)

The enthusiasm that helped propel gold to a seven-week high late last week and pushed the US dollar lower as investors embraced risk was dealt a bit of a setback this morning. The CFTC reported that hedge funds augmented their bullish bets on commodities to the highest level in sixty days in the wake of the Fed's indication that it might extend low interest rates into 2014. However, after the Fed effect wore off and after Europe showed that all is not yet well, the "risk-off" sentiment appeared to define the start of the trading week and it helped drag European bank shares lower along with crude oil and base metals as well [...]