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Commodities are spiking so far this month and the trending since early October has been relatively positive. The one month change for Gold is in the green by 3.4%. Silver has seen a huge spike as the one month change for this precious metal is up 14.84%. Platinum’s one month change is in the green as well by 4.43% and copper is following about the same trends by posting a one month upward change of 4.71%. Commodity futures show gold trading before opening bell for the U.S. trading session is in the green by 1.06%. The Federal Reserve’s plans to buy Treasury bonds should continue to make positive waves in the realm of precious metal commodities. The Feds made the move to buy up bonds to lower interest rates and thus entice the public to spend, borrow and pay on mortgages and other loans. The dollar should continue to struggle as devaluation is in play with the large injection of the greenback into the American economy. This should lift precious metal trading value as interest in the safe haven assets peek. Last week, gold prices came off of a fresh record and the expectation is that excess liquidity will depreciate the dollar further which is normally an inverse relative to gold and commodity values. After the Fed’s made their announcement last week, commodities have been on a tear. Spot gold and Gold for December delivery should continue the positive trending today. Record levels are expected again today. Author: Camillo Zucari
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