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Crude Oil, Gold Look to US Fed Rate Decision for Direction Cues

Posted 03-16-2010 at 12:07 PM by DailyFX

Crude oil, gold and silver may decline if the US Federal Reserve signals that policy makers are getting closer to raising benchmark interest rates at the upcoming FOMC monetary policy announcement.

Commodities - Energy

Oil Breaks Support, May Extend Decline on FOMC Outcome


Crude Oil (WTI) $79.65 -$0.15 -0.19%
Prices have slipped below support at $80.28 and overcome the $80 figure, leaving the door open for a move lower to $77.53....
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