Global growth prospects for commodities poor, all except natural gas. Commodity prices remain under pressure across all sectors as the dollar continues to rise while rising supplies of many key commodities from energy through metals to food is not being met by an equal rise in demand, according to Saxo Bank commodity strategist Ole Hansen. The Bloomberg Commodity Index of 22 leading commodities touched a new fiver-year low before a dramatic rally in natural gas helped support a small recovery in the index. All commodities, bar natural gas as an extreme exception suffering losses during the past week. Commodities from iron ore to crude oil and gold have all hit new lows. (VIEW LINK)
Please sign in to comment on this wire.