Commodities Analyst Mohr Urges Patience
INN Senior Editor Andrew Topf spoke with Patricia Mohr, commodities analyst at Scotiabank, about the outlook for a selection of mined commodities.
INN Senior Editor Andrew Topf spoke with Patricia Mohr, commodities analyst at Scotiabank, about the outlook for a selection of mined commodities.
Gold – The gold price started the week on a tear as bargain hunters put the pedal to the metal on bullish comments from the US Fed chair. Good economic news, however, beggared the price, and by the end of the week gold was struggling again.
The US central bank sent commodities into a tailspin with talk of easing monetary stimulus, while ExxonMobil received approval for a key acquisition.
Copper – This week, copper yielded all the gains it has made this year, weighed down by concerns about a proposed Chinese property tax and signals that the Fed's asset purchases may come to an end.
Gold – Gold was hammered in the markets today, losing over $40, after the US Federal Reserve indicated that changes to its quantitative easing program are contemplated for March.
Gold was hammered in the markets today, losing over $40, after the US Federal Reserve indicated that changes to its quantitative easing program are contemplated for March.
Gold – The gold price was off to the races again this week, climbing on healthier stock markets and good news out of the European Central Bank.
Lead – A brief overview of lead price developments, supply and demand and significant market movers.
Silver – Gold gets the most attention, but in Q3 silver proved to be the most rewarding commodity.
Zinc – Stimulus spending from the US and China has boosted spot zinc prices and removed stock from warehouses, but zinc surpluses continue to grow.
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