11.07.2013 - Fundamentals returning as driver of commodity prices -Societe Generale
Supply and demand are re-emerging as the main movers of oil, base metals and precious metals prices and a return to fundamentals may encourage investors to increase their holdings, a Societe Generale study said. Speculation over the past 10 years saw volatile price swings characterize commodity markets. Investors increasingly had to consider external factors like macroeconomic developments, financial-market liquidity and fluctuations in the U.S. dollar when buying and selling. This reached a peak during the financial crisis of 2008...............................................Full Article: Source
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