Commodities extended losses during
the EU session as investors
continued to digest the ramifications
of recently announced stimulus
program from the Fed and came to a
conclusion that the effects of this
measure have not yet materialized. Moreover, uncertainty over the
instigation of ECB's bond buying
program added to the pressure, as
epitomized by Gold sustaining a
sudden drop over the last hour. Gold
is currently at 1.745,060 having
retraced part of the losses after
finding support at 1.739.254
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