Coronavirus threatens commodity demand
The outbreak of the coronavirus in the Chinese city of Wuhan added another layer of uncertainty to what has already been a volatile month. Commodities such as copper and crude oil, both exposed to...
Commodities in the crosshairs of climate and inflation
Global commodities face a potentially volatile 2020, given the combination of growth concerns, geopolitical tensions, climate change and inflationary pressures. While global growth — and with that...
US-China trade deal fails to ignite commodities
While global stocks, led by the US technology sector, continued their ascent, the first two weeks of trading have been more challenging for several commodities. While metals, both industrial and...
Commodities: Volatile start to 2020
Commodities in general traded lower following an explosive beginning to 2020. Crude oil and gold pumped and dumped as Middle East tensions ebbed and flowed. Natural gas and coffee both looked for...
Tensions drive oil and gold higher
The month-long rally in gold and not least oil has extended further following the US strike against an Iranian general in Baghdad. Middle East tensions once again raise risk of supply disruptions...
Commodities receive boost from US-China trade deal
Commodities, not least industrial metals, received a boost this week from news that a phase-one trade deal had been reached. The Bloomberg Commodity Index was 2.2 per cent higher on the week with all...
Gold finding support while oil remains stuck
The Bloomberg Commodity Index, which tracks the performance of 22 futures markets across energy, metals and agriculture traded lower for a second consecutive week. The global growth outlook and with...
Trade hopes cut demand for gold; oil bought again
The below summary highlights futures positions and changes made by hedge funds across 24 commodities futures up until last Tuesday, November 5. The reporting period covered a week where trade deal...
Oil, gold stabilise on a quiet week in commodities
It has been a relatively quiet week in commodities with the different sectors trying to weigh the impact of several key developments such as the weaker dollar, rising equities, trade talks as well as...
Optimism boosts oil and copper; gold bulls rethink
[caption id="attachment_575631" align="alignright" width="161"] OLE S HANSEN[/caption] Global markets, including commodities, spent the week closely monitoring the ebb and flow of news from the US...
Weaker dollar propels gold to the next level
The global fiscal panic which we gave special attention in our last quarterly outlook could, over the coming months, be joined by a weaker dollar — as our CIO Steen Jacobsen outlines in the...
Crude oil and gold deflate on easing tensions
The commodity sector has had a mixed week with the energy sector witnessing a lot of selling while the agriculture sector was supported by short-covering and China increasing goodwill buying ahead of...
Oil sold despite record price jump
COMMODITY UPDATE - Hedge funds bought commodities for a second week with the combined long across 24 major futures contracts jumping by 85 per cent to 296k lots. All sectors were net bought,...
Oil market rattled by Aramco facilities attack
A dramatic week in crude oil saw the Brent futures contract jump the most on record before deflating on continued growth and demand concerns. Gold traded higher but within the tightest range in two...
Gold takes a breather as global markets remain risky
Global financial markets remain in fragile risk on mode following last week’s announcement that US and Chinese trade negotiators would meet again in early October. While kicking the can down the...
Market narrative shift rocks commodity markets
Commodities traded higher for a second week with energy and industrial metals catching a bid while the week-long rally in precious metals paused. The week and the month of September kicked off with...
Commodities look to Fed and bonds for guidance
For the second week running, the Bloomberg Commodity Index traded lower as the price hovered close to a three-year low. The weak sentiment continued to be led by global growth concerns, ample supply...
Gold reigns as global bond yield collapse continues
Global growth concerns and ample supply of key commodities have been the main drivers behind the weakness seen across the sector so far this quarter. Precious metals remain the exception with gold...
Commodities fail hold onto the gains seen last week
Commodities with a few exceptions failed to hold onto the gains that were seen following the G-20 meeting in Osaka. During a holiday-shortened week the market first reacted positively to renewed hopes...
Gold and oil surge on FOMC and Middle East
The Bloomberg Commodity Index, which tracks the performance of 22 major commodities spread across the three major sectors of energy, metals and agriculture rose by the most since January. The 1.5 per...