Commodities Overview

Commodities Weekly Wrap

8 December, 2017

Gold vulnerable to further Fed tightening

Commodity prices mostly fell this week. A stronger US dollar – following the US Senate’s approval of the “Tax Cuts and Jobs Acts” last Saturday – was the main reason behind the declines in prices. Data showing robust Chinese commodity import volumes in November did little to alleviate the weakness in metals prices in the earlier part of the week.

Next week, the focus will be on the Fed which is expected to hike interest rates for the third time this year, on Wednesday

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