Markets are quiet ahead of the FOMC minutes due at 1900GMT/1300CST with US equities trading in negative territory as market participants look to book some profits after the DJIA closed above the psychological 14000 level yesterday.
Commodity prices made an aggressive move lower earlier in the session with spot gold moving through USD 1600 to the downside and WTI crude futures moving below USD 96.00 which was a catalyst for the leg lower in other commodities in the energy complex. Precious metals have also come under selling pressure which was attributed to unconfirmed talk a large commodity fund is liquidating its positions. For further information please refer to the headline on the website at 1615GMT.
21 Feb 2013 - 05:29 - Energy - Source: RANsquawk
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