Commodity update 85

Commodity update 85

den 3 augusti 2017

 

New OPEC meeting in prospect

Oil prices have continued to increase since last week. The US-sort WTI exceeded the mark of USD 50 for the first time since May. Further upswing of the Oil price was due to news, that the OPEC, which previously decided to cap Oil supplies, will organize another meeting.

Dollar weakness increased Gold prices

Continuing Dollar weakness helped Gold to reach a new six-week high. At its high, the precious metal quoted at 1.270 Dollar per troy ounce, the highest mark since mid-June.

Metals

Risen steel- and iron ore prices as well as speculative bets have raised markedly prices of most of the industrial metals over the last couple of weeks. Good news come especially from China.

 

 

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2023-02-01 12:57:00