Prices surged to 2016 peaks for the second straight day yesterday after the Federal Reserve left interest rates unchanged but appeared less concerned about global conditions, opening the door a crack to a rate hike in June.
Steel Prices to stay up on Strong Housing Demand: Platts
It isn’t the market volatility but its speed which is of concern right now, says Annalisa Jeffries, Associate Editorial Director, Metals Asia/Singapore, Platts.
Oil prices jump on weak dollar, strong investor appetite
Beyond strong investment appetite from financial traders, analysts said crude was receiving support from a falling dollar, which has shed 5 percent in value against a basket of other leading currencies since the beginning of the year.