Commodity update 86

den 9 augusti 2017

 

Recovery Phase ended for Oil

Oil prices had a rough start into the week with quotes falling much lower during Monday. This ends the recovery phase, which started last month and pushed the prices up by 10 percent.

 

Gold moves sideways

Precious metals continued their stable side movement in July. The Gold price increased by 2 percent and closed at 1,269 USD per fine ounce. The first week of August was unspectacular with gold prices increasing to 1,274 per fine ounce, but loosing 20 USD on Friday, due to a good US labor market report on Friday.

 

Aluminum

The Aluminum price continued to increase in the beginning of the week and now is getting closer to 2,000 USD per ton. Prices are still getting pushed by speculations, which say that some production places are forced to quit in China.

 

 

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2023-02-01 12:59:15