Mon, Aug 10, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Index, Performance more

Commodities return to their winning ways as global gluts wane

Posted on 02 May 2016

The global gluts that have plagued markets from crude oil to zinc are finally starting to subside, sending commodities to their biggest monthly gain since December 2010. The Bloomberg Commodity Index, a measure of returns for 22 components, climbed as much as 1.1% on Friday to the highest since November.
The gauge climbed 8.5% in April, beating returns for indexes of global equities, highyield and investment grade, bonds, Treasuries and all major currencies. Oil in New York posted the biggest monthly gain in a year, and gold reached the highest in more than a year. The brighter picture for raw materials comes as the economy stabilises in China, the world’s top consumer of metals, grains and energy………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
August 2020
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031