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Global growth prospects hold key to markets

Posted on 30 September 2013

Global commodity markets are at a crossroads. On the one side is a high road to expanded demand and improved price performance, while on the other is a low-road to tepid demand conditions and range-bound or falling prices.
It is as yet uncertain which direction the market will take. Monetary policy of major economies and global growth prospects will continue to impact commodity markets. Continued sluggishness in global economic growth despite some pick-up signals suggests that the recent jump in prices of oil and some base metals such as copper may not sustain unless the growth momentum gathers pace decisively………………………………………..Full Article: Source


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