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Commodities Briefing - Categorized | Index, Investment more

The last contrarian play? Investors look to commodities as oil and gold rally

Posted on 10 September 2013

As concerns over the Syria crisis persist, oil and gold prices have risen, prompting investors to look at commodities as “the only contrarian play left in the market”. WTI Crude oil is currently trading at $108.5 per barrel and Brent has shot up to $115.6, while gold topped the $1,400 mark last week to enter a new bull market.
The Thomson Reuters/Jefferies CRB Commodity index has climbed more than 6% from its June trough, up from 275.6 on 28 June to 292.7 on 3 September………………………………………..Full Article: Source


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