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2013 has been an ugly year for commodities

Posted on 04 April 2013

Gold’s precipitous decline in recent months has garnered a lot of attention in the headlines. Of course, gold is only a single commodity in an asset class that had, for the most part, a pretty dismal first quarter of 2013.
In a recent report on commodities, Société Générale analysts Michael Haigh and Jesper Dannesboe sought to explain the reason for across-the-board weakness in 2013: The conditions are finally coming into place for a sustainable US economic recovery. This will provide some support for pro-cyclical commodities. However, while the US economy has arrived at ‘recovery-friendly conditions’, Europe is not there yet, and the recent acceleration in China’s economic growth is likely to fade by mid-year as the Chinese government’s policies to rebalance the economy act as a brake………………………………………..Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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