The metal is ready to pump some iron and strengthen once again to incline after a two month decline taking it down from its record high at $1032 per ounce on March 17. Yesterday's cut was all that was needed to pull investors back into the commodities markets as a hedge against inflation. The Fed's left no room for clear anticipation on what is going to happen in the future taking all the optimism away from investors. The bullion gained in the early morning to reach $881.10 per ounce but investors still believe there is further potential for the shiny metal as tomorrow's data concerning the non-farm payrolls will show the first clear cut sign on whether the Feds will continue to cut rates or not possibly pushing gold up to its previous glory.

As for the black gold, the effect of the increase in supply reported by the EIA yesterday weighed on prices yesterday to further take them down despite the slash in interest rates which had weakened the dollar. The contract closed at $113.46 per barrel yesterday but as it started today's trading session, it reversed back to the upside showing some gains as finally the effect of the weak dollar has emerged. Combined with that came news concerning a seven day strike in Nigeria which has diminished output by 860,000 barrels per day and militant attacks on four crude pipelines, resulting in the reduction of Nigerian output by 50 percent. Prices are currently being traded at the $114.50s per barrel level after recording an intraday high at $115.23 per barrel.

After a strong comeback witnessed by the dollar for some time now, yesterday's FOMC meeting put an end to this rally as they decided to take rates down to 2.00% as it was widely expected in the markets. The federal currency declined against the Euro and Yen but that wasn't the problem. Investors have been quite optimistic as they believed that they have hit the peak of the credit crisis. However, the Feds yesterday failed to give a clear cut sign on whether bets placed by market players that this was the last cut is actually true. Eyes are all watching closely waiting for the release of the Non-farm payrolls tomorrow to see whether the Federal Reserve might have to continue cutting rates or cork it!