Rising geopolitical tension takes its toll on prices
After a strong start to the week, most commodity prices fell back on Friday as concerns about the
inflammatory rhetoric between the US and North Korea prompted investors to move out of riskier
assets. One exception was the price of gold, which benefitted from safe-haven inflows.
Turning to next week, North Korea is likely to remain in the headlines and be the main driver of
market sentiment. That said, it is also a busy week on the data front. In particular, China is set to
release its July…