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Dovish FOMC boosts oil and gold: Hansen

The Federal Reserve's Janet Yellen has given gold a big boost following the Federal Open Market Committee meeting on Wednesday. That's led to a weaker US dollar and seen gold up USD 35 in just 24 hours. It follows what Saxo's Ole Hansen describes as a 'healthy correction' for the precious metal.

Meanwhile, Hansen says it's oil that's been the biggest riser in the commodity market. He says crude received a triple dose of supporting news including improved risk appetite thanks to the weaker US dollar and a slow down in US oil production.

01:59 minutes
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