Commodities were mixed, unstirred by FOMC minutes - ANZ

Analysts at ANZ explained that commodities were mixed mirroring the moves in other markets. 

Key Quotes:

"Gold, sensitive to moves in the US dollar and rates, was little changed after the FOMC Minutes showed the Fed remains cautious regarding a rate hike. A slightly stronger US dollar early in the trading session saw selling emerge in the base metals sector."

"Copper struggled and nickel gave up earlier gains. Iron ore was also weaker, with Chinese steel mills moving to the sidelines after strong gains over the past week. However, with talk of further curbs on steel making in Tangshan emerging, steel mills are not likely to remain on their hands for too long."

"Crude oil continued its recent rally as inventories in the US fell more than expected. EIA data showed crude oil stocks fell 2.51 million barrels last week, while gasoline inventories fell 2.7 million barrels and the refineries run rate also increased."