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A more optimistic year for commodities

Posted on 13 January 2014

2014 could prove to be a fairly positive year for commodities according to Barclays, with global growth expected to move higher and the pace of commodity supply growth likely to ease. Tapering is unlikely to depress commodity prices, especially if expectations of stronger US growth come to fruition.
The exceptions to this are gold and silver prices, which are likely to head lower as tail risks fade. On a relative sectoral basis, Barclays view base metals more positively vis-á-vis precious metals. Supply risks are likely to dominate metals markets with Indonesia’s ore export ban to be implemented from 12 January………………………………….Full Article: Source


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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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