Commodities Overview

Commodities Weekly Wrap

30 January, 2015

Copper caught up in January sell-off

The copper price has continued to tumble this week. We suspect this is due to financial factors rather than underlying fundamentals. The copper market’s high liquidity has made it vulnerable to negative investor sentiment towards commodities sparked by last year’s oil price collapse. Meanwhile, the recovery in gold prices has faltered slightly. Nevertheless, support should come from further uncertainty in Greece and an extended period of low bond yields.

The

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