Loading…
Saxo's Ole Hansen reports that the commodity sector rose for a second week, with the Bloomberg Commodity Total Return index up 3.7% on the month. Silver, crude oil, fuel products, platinum and copper led gains.
The piece attributes the rally mainly to a weaker dollar and Treasury yields after softer US inflation data, plus Chinese policy support.
A weaker dollar and expectations of a Fed pause lift dollar-priced commodities, and energy and fuel strength pushes up input costs for feed production and transport.
home.saxoOle HansenApr 21, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
