03.09.2015 - Saxo Bank’s commodities market forecast until end 2015
A broad basket of commodities has fallen to the lowest level in 16 years thereby wiping out all the gains that were made during the Chinese boom years during the first decade of this millennium. “The main trigger for this weakness has not been due to slowing demand but more due to increased supply at a time where demand growth has failed to keep up,” Ole Sloth Hansen, Head of Commodity Strategy, said. “Rising production of key commodities from oil to corn and iron ore are currently not finding the demand needed and, as a result, new lower levels are being sought in order for the market to find a proper balance between supply and demand. Financial as well as physical investors in gold have increasingly been looking elsewhere for investment opportunities,” he said...............................................Full Article: Source
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