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Commodities Futures Maintain Momentum-China Beat August 21
Aug 22, 2012
Global commodities futures maintained their momentum Friday after a series of mostly positive macroeconomic data emerged out of the US, especially in the petroleum, base metal and precious metal sectors.
With the release of the third round of quantitative easing, called the QE3 for short, commodities prices immediately reacted by rising around the world. Looking at the broader commodities futures, there was upward movement in gold, silver, non-ferrous metal and chemical energy.
The HK-Ex purchased the London Metal Exchange,the futures exchange with the world's largest market in options,and futures contracts on base and other metals.
The US government determined that it would maintain the existing anti-dumping duty on folding gift boxes from China, despite Beijing's repeated calls for Washington to end protectionism.
The United States determined Monday it would maintain the existing anti-dumping duty on honey from China, despite Beijing's repeated calls for Washington to drop protectionism.