Most commodity prices rose this week after data showed that US labour market conditions are easing, lowering expectations for US interest rates and weakening the dollar. It is perhaps surprising that industrial metal prices didn’t rise by more than they did, given that not only did the dollar weaken, but China unveiled some fairly significant stimulus measures. However, perhaps like us, investors might not perceive these latest measures as sufficient to lead to a significant turnaround in the housing market.
Note: We’ll be discussing the outlook for natural gas prices as the European winter approaches in a special Drop-In on Wednesday, 6th September. Register here to join that session
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