The Top Two Commodities To Watch In The Short Term ...Middle East

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The Top Two Commodities To Watch In The Short Term
source : OILPRICE ( Middle East ) () 6
Commodities, and base metal, in particular, closed last week on a strong note, shrugging off China’s weaker-than-expected PMI reading. A softer U.S. Dollar provided support, as did dovish commentary from the Fed’s Jackson Hole meeting. In a virtual speech to the Fed’s annual Jackson Hole symposium in Kansas City, Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year but will not be in a hurry to begin raising interest rates thereafter. According to the Fed, the U.S.…

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