| Diverse price performance was the feature across the global commodity markets last week - covering energy products, base and precious metals as well as agriculture. Brent crude continued to rise with the prompt contract rates crossing levels last seen eight months ago, spurred by a combination of improving macroeconomic sentiment and intensification of geopolitical concerns.
The metals complex was rather diverse with most base metals registering a price fall except zinc that was up 1.2 per cent and copper nearly unchanged, while precious metals generally retained their upward trajectory with platinum (up 1.6 per cent) the real performer. Gold was unchanged week on week, while silver edged slightly higher...............................................Full Article: Source
|