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Commodities Sold as UK Markets Reopen, Greek Coaltion Talks Stumble
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Talking Points

  • Crude Oil, Copper Follow Stocks Lower on Greek Coalition Setback
  • Gold and Silver Sold as US Dollar Rides Haven Demand Higher

Commodities are moving lower in early European trade as risk aversion grips financial markets once again, weighing on growth-geared crude oil and copper prices and driving safe-haven flows into the US Dollar, thereby applying de-facto downward pressure to gold and silver. The rout follows news that Antonis Samaras, leader of Greece’s center-right New Democracy (ND) party, failed to cajole enough support to form a coalition government following the weekend’s general election.

The task now falls on Alexis Tsipras, the head of the Syriza

Source: Swing Trading Daily

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