Commodities Overview

Commodities Weekly Wrap

23 January, 2015

Oil prices finding a floor as precious metals rebound

The European Central Bank’s decision to launch a large-scale programme of government bond purchases under quantitative easing (QE) is unlikely to provide a major boost to the prices of global commodities – even gold. Developments in emerging economies are far more significant to many commodities. Nevertheless, the impact should still be marginally positive as it should help prevent a major consuming region from tipping into a dangerous deflationary spiral.


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