Major commodities ended November on a positive note as their prices inclined
along with the rest of the major financial markets including the American and
European stock markets; this rally came following the announcement that five
prime Central banks including the Federal Reserve will lower the cost of their
dollar funding to the struggling European banks. Gold and silver prices sharply
rose. Crude oil price (WTI) also slightly inclined. Natural gas spot price
(Henry Hub) ended the month rising as well and further shrinking the gap between
the spot and future price.
No comments:
Post a Comment