Commodity update 89

Commodity update 89

den 20 september 2017

 

Oil

European Brent Crude Oil trades above 55 USD per barrel at the weekly opening and is thereby at the highest price since April 2017. At the same time, North American WTI Crude Oil stays above the 50 USD per barrel level. According to experts the latest surge in prices is overstated.

 

Gold

Gold trades at a new two and a half week low at 1,315 USD per troy ounce at the weekly opening. Gold had a rough ride due to the surge in equities and less risk aversion of investors.

 

Copper

Copper prices plunged last week and slipped below the level of 6,500 USD per ton due to weak Chinese and US industrial data.

 

 

Vontobel products are tradable at your bank or online broker.

 

 

 

 

 

 

 

This information does not constitute a financial analysis, but product advertisement. Thus it does not meet the legal requirements to ensure the impartiality of financial analysis and is not subject to trade prohibition before the publication of a financial analysis.

For detailed information, particularly regarding the structure and the risks associated with an investment in the derivative financial instruments, prospective investors should read the Base Prospectus, which is available together with the Final Terms and any supplement to the Base Prospectus in electronic form on the issuer’s website: http://certificates.vontobel.com. Additionally, the Base Prospectus, any supplements to the Base Prospectus and the Final Terms are available in printed form, free of charge, at the registered office of the issuer: Vontobel Financial Products GmbH, Bockenheimer Landstrasse 24, 60323 Frankfurt am Main, Germany.

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2023-02-06 00:37:26