SaxoTV

Fed Reaction: Precious metals the only commodity winner

634 views
September 18, 2015 business, chair, chairman, commodities, commodities markets, commodity, commodity market, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, content, fed, fed meeting, fed rates, fed reaction, fed tapering, federal, federal policy meeting, federal reserve, federal reserve rate hikes, federalreserve, finance, fomc, forex, fx, gold, gold price, interest, interest rate, interest rates, interest rates fed, interest rates on hold, interestrates, janet yellen, news, reaction, saxo, saxo bank, saxo tv, tradingfloor.com, us, us dollar, us economy, us fed, us federal reserve, us jobs, us rates, usa, usd, usdeur, usdjpy, video, video content
The US Fed's decision not to raise interest rates is not good news for commodities, says Saxo Bank's Head of Commodity Strategy, Ole Hansen. Gold has risen this Friday but industrial metals such as copper have fallen back. Oil too is lower.
Ole points to comments by Fed Chair, Janet Yellen, about concerns about emerging markets. There's a big worry, he says, about global growth and that's being reflected in the prices.