Commodity ETFs Skyrocket As Dollar Slides, Inflation Fears Mount

Initially, the response from the markets to Ben Bernanke and Company’s historic attempt to revitalize the markets with a second round of QE was rather muted; U.S. markets stayed relatively flat yesterday after the Fed meeting, and volumes were well within a normal range. But overseas investors apparently had much stronger opinions on the ramifications of the Fed’s tactics, and equities surged across the board Thursday on expectations that the latest developments in Washington could reignite inflation and hopefully give the U.S. economy a badly-needed boost. In nearly every sector of the market asset prices surged; the S&P and Dow both jumped nearly 2%, with the latter climbing back to pre-Lehman levels. While virtually all risky asset classes saw robust gains, the commodity markets received perhaps the biggest boost on the day. Gold made headlines for its dramatic rise–a $45/oz. gain–that propelled the precious metal up to a fresh record high [...] Click here to read the original article on ETFdb.com. Related Stories: India ETFs In Focus As Inflation Fears Mount Inside Five Surging Commodity ETFs Playing Precious Metals Through Equity ETFs